walt disney co’s stock dipped in afterhours trading wednesday after the company posted quarterly results roughly in line with analysts’ expectations amid a costcutting frenzy the media giant dis reported a fiscal thirdquarter loss of 460 million or 25 cents a share mostly because of restructuring and impairment charges after adjusting for restructuring costs and other effects disney reported earnings of 103 a share revenue grew 4 to 223 billion from 215 billion a year ago analysts surveyed by factset had on average expected adjusted earnings of 96 cents a share on revenue of 225 billion disney shares declined about 1 in afterhours trading immediately following the release of the report after dropping 07 to 8752 in the regular session “our results this quarter are reflective of what we’ve accomplished through the unprecedented transformation we’re undertaking at disney to restructure the company improve efficiencies and restore creativity to the center of our business” disney chief executive robert iger said in a statement announcing the results disney is in the midst of a 55 billion costcutting plan overseen by iger who returned to the ceo position to right the ship in late 2022 directtoconsumer sales which includes streaming services and some international products hauled in 55 billion compared with analysts’ forecast of 57 billion on average and last year’s total of 505 billion the division did reduce its quarterly losses to 512 million compared with 106 billion a year ago analysts were expecting a loss of 758 million the company’s iconic theme parks around the world and productsales business increased to 83 billion in revenue from 74 billion a year ago the average analyst estimate was 81 billion disney’s largest business segment media and entertainment distribution raked in 14 billion during the quarter down from 141 billion a year ago analysts on average predicted 143 billion according to factset disney’s television networks generated sales of 67 billion while analysts’ average estimates called for 674 billion content sales and licensing a category that includes disney’s film business reported revenue of 21 billion compared with analysts’ expectations of about 215 billion in the weeks leading up to disney’s results there has been a whirlwind of fear and doubt over the current state of the company’s streaming services including espn as well as lineartv ad sales the actors’ and writers’ strikes that have shut down hollywood disney’s theme parks and its legal and political battle with florida gov ron desantis front and center is the health of disney as it battles streaming rivals like apple inc aapl  netflix inc nflx  amazoncom inc amzn  warner bros discovery inc wbd and comcast corp cmcsa  macquarie equity research analyst tim nollen believes in disney’s streaming services over the long term but said “we see too many nearterm issues to overcome to support a more constructive view” disney had 1461 million subscribers globally 7 fewer than the 1578 million it had in the previous quarter disney and desantis who is running for the 2024 republican presidential nomination have filed dueling lawsuits that stem from the company’s criticism last year of a florida law that bans classroom discussion of sexuality and gender identity with younger children earlier this week a group of mostly former republican highlevel government officials called desantis’s takeover of disney world’s governing district “severely damaging to the political social and economic fabric” of florida the somber vibe prompted deutsche bank analysts on tuesday to lower their price target on disney shares 8 to 120 with “lower advertising revenue underperformance at the box office and lighter parks attendance in orlando” chief among their concerns “this is iger’s most important earnings call since returning to disney late last year he came in with a punch list that was too long to realistically knock off in two years” rick munarriz an analyst at the motley fool said in an email “now the board has given him four years and every word he uses during thursday afternoon’s earnings call has to carry some serious heft” disney’s call was to start at 430 pm eastern shares of disney have inched up 07 this year while the sp 500 spx has climbed 16