Thanks to the box office performance of Avengers: Endgame, Captain Marvel, and Toy Story this past fiscal quarter, Disney saw its revenue increase by 33% year-over-year to $20.25 billion. Analysts, however, reportedly expected earnings to be over $21 billion.
So despite their stellar box office success — the studio has already set a box office milestone for 2019 and they still have Star Wars: The Rise of Skywalker and Frozen 2 on the way — Disney nevertheless posted lackluster results for the year’s fiscal third quarter, which saw Disney stocks slide more than 4%.
Source: IGN.com Disney Blames Dark Phoenix, Fox Films for Q3 Losses