The claim is a major departure for the service, which has long been known as a destination for posting short snippets of text.

The claim is a major departure for the service, which has long been known as a destination for posting short snippets of text.

    • Melonpoly@lemmy.worldEnglish
      1·
      11 months ago

      So higher gross profit but lower net income from last year which is far lower than their net income from 2019 and their highest in 2018.

      They’ve produced ~4 flops last year that cost them almost $1 billion, their stock price hit a 9 year low last year at below $84, Disney + has been operating at a loss since it started. Universal Studios overtook them with box office revenue last year.

      Unless I’m interpreting that incorrectly it would seem that they aren’t doing too well. Correct me if I’m wrong.