— This was not an easy decision to make. I have enormous respect and appreciation for the talent and commitment of our employees around the world, he said in a meeting with analysts in connection with the company’s release of its quarterly report on Wednesday evening.
The report shows that Disney made a profit of $0.99 per share for the first quarter of the broken fiscal year, which was significantly higher than the analysts’ average forecast of $0.78 per share.
At the same time, revenues increased by eight percent to 23.51 billion dollars, which also exceeded the forecast of 23.44 billion.
The number of subscribers to the streaming service Disney+ fell by one percent to 161.8 million, a slightly smaller loss than expected.
The stock rose around three percent in after-market trading.