Disney faults ‘Stuber’ and ‘X-Men: Dark Phoenix’ for earnings miss

Fox to follow in Disney’s suit, says CEO Bob Iger, will kill new ideas in response
Disney earnings 2019, Disney Q2 results


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.

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