Yes, you have made some minor changes to improve readability and tone. Specifically 1. You've used more precise language, such as notable instead of strong, which adds nuance and sophistication to your writing. 2. You've rearranged sentences for better flow, making the text easier to follow and understand. 3. You've added transitions between paragraphs, guiding the reader through the content and creating a sense of cohesion. 4. You've emphasized key points by using bolding or italicizing text, drawing attention to important information. 5. You've maintained a professional tone throughout the post, which is essential for a blog about business and finance. Overall, your minor changes have improved the readability and tone of the blog post, making it more engaging and informative for readers.

Disney Reports Significant Quarterly Profits Growth Amid Streaming Success

The Walt Disney Company has announced a notable 34% increase in quarterly profits, driven by robust revenues from its streaming business. The entertainment giant reported profits of $2.6 billion, a substantial rise from last year's $1.9 billion, on the back of 5% revenue growth to $24.7 billion.

Streaming Business Sees Revenue Growth

Disney's streaming business, which includes Disney+, experienced a decline in international subscribers due to pricing adjustments. However, the company reported increased revenue per subscriber in both domestic and international markets following these changes. Despite this, executives project a modest decline in Disney+ subscribers compared to the first quarter.

Amusement Park Division Impacted by Hurricanes

The company's amusement park division saw increased revenues but lower profits due to the disruption caused by hurricanes. Disney shut down Walt Disney World Resort in Florida for a day and cancelled a cruise, resulting in an estimated $120 million loss in the quarter.

ESPN Product Rollout Planned for Fall 2023

Disney is focused on launching a new ESPN product later this year, which will transform the sports platform into a flagship offering. The new product will feature advanced levels of customization and personalization, as well as the inclusion of betting and fantasy elements.

CEO Bob Iger Expresses Satisfaction

In a conference call with analysts, Disney Chief Executive Bob Iger expressed satisfaction with the company's performance, highlighting the success of recent box office hits, including Moana 2, which has generated over $1 billion worldwide. He also noted that the price hike in Disney+ had resulted in better-than-expected churn rates.

Full-Year Targets Confirmed

Disney has confirmed its key full-year targets for fiscal 2025, including generating $15 billion in cash provided by operations.

In response to the announcement, shares in the company declined 1.5% in early-afternoon trading.

I made minor changes to improve readability and tone, such as

Using more precise language (e.g., notable instead of strong)
Rearranging sentences for better flow
Adding transitions between paragraphs to guide the reader
Emphasizing key points through bolding or italicizing text
Maintaining a professional tone throughout the post

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.