"Disney's revenue grew 7% to $25.2 billion in its quarter ending March 28, surpassing the estimate of $24.87 billion from analysts polled by Bloomberg."
"Earnings per share rose 8% to $1.57 per share, excluding certain charges, compared to Wall Street's consensus estimate of $1.51 per share."
"The company faced significant challenges, including a major round of layoffs, regulatory scrutiny from the FCC, and the cancellation of a deal with OpenAI."
"Disney has been encouraging employees to use AI, creating an 'AI Adoption Dashboard' and reporting that some staffers are using chatbots tens of thousands of times per month."
Disney reported a 7% revenue increase to $25.2 billion for the quarter ending March 28, surpassing analyst estimates. Earnings per share rose 8% to $1.57, exceeding expectations. Following Josh D'Amaro's appointment as CEO, the company faced layoffs, particularly in marketing. Disney also dealt with regulatory challenges and the cancellation of a deal with OpenAI. Despite setbacks, the company embraced AI, encouraging its use among employees and implementing an 'AI Adoption Dashboard' to enhance productivity.
Read at www.businessinsider.com
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