The Walt Disney Company announced its earnings after the close of the stock market on Tuesday, missing estimates.
Revenue was up a very healthy 33%, but investors expected it to generate $21.47bn in the quarter, and it only made $20.25bn.
CEO Bob Iger blamed Stuber and X-Men: Dark Phoenix.
Iger’s stated on the earnings call for investors by noting that Disney had generated a record $8 billion in 2019 global box office.
The future is looking positive with movies such as Maleficient: Mistress of Evil, Frozen 2, and the new Star Wars: The Rise of Skywalker still to come in the next five months of the year.