Disney stock

The Walt Disney Co. disappointed Wall Street with earnings and revenue results Wednesday, but added more streaming subscribers than expected in the wake of.

Disney’s largest business segment, “Media and Entertainment Distribution,” racked up sales of $13.62 billion in the quarter, up from $12.44 billion a year ago; analysts on average predicted $13.7 billion. In discussing the decision in a taped interview last month, co-CEO Reed Hastings noted that Hulu’s success with ad-supported streaming helped solidify the decision. Content sales and licensing, a category that includes Disney’s film business, registered revenue of $1.87 billion vs. I don’t think we have a lot of doubt that it works,” he said. But we still do expect an increase in the second half to exceed the first half.” Disney posted fiscal second-quarter net income of $470 million, or 26 cents a share, on sales of $19.25 billion, up from $16.25 billion a year ago. Analysts surveyed by FactSet had expected adjusted earnings of $1.19 a share on revenue of $20.05 billion. Disney’s performance in streaming comes amid escalating competition from rivals Netflix NFLX, -6.35%, Apple Inc. AAPL,, Warner Bros. Discovery Inc. WBD,, Comcast Corp. CMCSA,and Amazon.com Inc. AMZN,at the a time when belt-tightening consumers are scaling back on subscriptions. The average analyst estimate was $6.3 billion. expectations of $2.07 billion. “Additionally, note that some of the Eastern European markets we’re launching in toward the end of Q3, including Poland, are in regions being impacted by geopolitical factors.” Shares ended the after-hours session down 3%.

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Shares of the Walt Disney Company are rising even after the company missed quarterly revenue estimates, as the company reported strong growth for its ...

Netflix announced on April 19 that it had lost 200,000 subscribers in the first three months of the year, and expected to lose two million more in the second quarter. Critics call it the 'don't say gay' law. Disney CEO Bob Chapek said in a statement that the latest financial results 'once again proved that we are in a league of our own' CEO Bob Chapek said in a statement that the latest financial results 'once again proved that we are in a league of our own'. Disney stock jumped in extended trading on Wednesday, after the company said that it added 7.9 million new Disney+ subscribers As well, despite a messy public battle with Florida Governor Ron DeSantis, Disney's theme park business continued to recover strongly from the pandemic lows, with its revenue more than doubling to $6.65 billion.

Walt Disney Co (NYSE: DIS) has seen its share of problems over the last couple of years with the COVID-19 pandemic impacting its parks and theatrical ...

For comparison, investors could have bought 36.08 shares of Disney when Iger took over as CEO with $1,000. What Happened: On Feb. 25, 2020, Disney announced Bob Chapek would become the new CEO of the company, effective immediately. New CEOs can bring fresh ideas, turnaround plans and put a larger emphasis on acquisitions or spinoffs. The company has also managed to get itself into controversy with discussions over several legal decisions. Investing $1,000 In Disney Shares: Sometimes investing in stock when a new CEO is named can be a strong bet on the future of the company. Iger was named the CEO of Disney on March 13, 2005, as the replacement to longtime CEO Michael Eisner, who became CEO back in 1984.

On May 11, The Walt Disney Company held its Second Quarter Earnings Call and, overall, the numbers reported were incredibly good.

At that time, Disney stock was not the only one to tank, but since then, it has steadily grown. Before these new stock lows, the lowest the stock had been in recent years was at around $85 per share, but that was in March 2020 — the month the COVID-19 pandemic forced all of Disney’s theme parks, domestic and international, to shut down. Over the past couple of months, Disney stock has been in solid decline and, with these recent low closures, Disney has eliminated nearly 5 years of solid stock gains that the company had been seeing.

Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services," said CEO ...

Last month, Disney's larger streaming rival Netflix NFLX revealed it had shed 200,000 subscribers over the the first three months of the year, significantly missing the Street consensus forecast of a 2.5 million gain and taking the overall total down to 221.64 million. Around 700,000 of those were the result of cutting its service in Russia, Netflix said, but the bulk of the exodus was put down to rising prices, increasing competition and password sharing, which Netflix estimated at around 100 million households world wide. The group expects to lose another 2 million by the end of the second quarter. Disney added 7.9 million subscribers over the whole of the quarter, taking ESPN+ to 22.3 million paid subscribers and Hulu to 45.6 million. “Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own,” said CEO Bob Chapek. Walt Disney ( DIS) - Get Walt Disney Company Report posted weaker-than-expected second quarter earnings Wednesday but added a solid 7.2 million subscribers to its family of streaming services, sending shares higher in after-hours trading.

Walt Disney shares slumped lower Thursday after the media and entertainment giant cautioned that surging inflation and supply-chain snarls could blunt ...

Last month, Disney's larger streaming rival Netflix ( NFLX) - Get Netflix, Inc. Report revealed it had shed 200,000 subscribers over the the first three months of the year, significantly missing the Street consensus forecast of a 2.5 million gain and taking the overall total down to 221.64 million. "Disney produced more consistent results this quarter, after the last few had been a bit less predictable," said BMO Capital Markets analyst Daniel Salmon, who carries a 'market perform' rating with a $135 price target on the stock. And we reaffirmed our guidance on both subs and on profitability," CEO Bob Chapek told investors on a conference call late Wednesday. "So we think they move together. Around 700,000 of those were the result of cutting its service in Russia, Netflix said, but the bulk of the exodus was put down to rising prices, increasing competition and password sharing, which Netflix estimated at around 100 million households world wide. Disney added 7.9 million subscribers over the whole of the quarter, taking ESPN+ to 22.3 million paid subscribers and Hulu to 45.6 million, while overall subscriber totals for its Disney+ streaming services hit 137.7 million, topping well ahead analysts' estimates by around 2 million. Walt Disney ( DIS) - Get Walt Disney Company Report shares slumped lower Thursday after the media and entertainment giant cautioned that surging inflation and supply-chain snarls could blunt near-term profits, casting a cloud over a better-than-expected tally of subscriber addition to its Disney+ streaming service.

Shares of Walt Disney Co. (DIS) are down 5% today after the entertainment giant provided weaker-than-expected forward guidance. The Mouse House reported ...

more than $900 million U.S. in the third quarter year-over-year. growth in the latter part of this year may not be as strong as hoped. Sales in the period ended April 2 jumped to $19.2 billion U.S. but trailed the $20.1 billion U.S. Among the new attractions opening in the quarter were the Star Wars Galactic Starcruiser, an Although the quarterly gain was smaller than the growth that the service saw in the company’s Disney’s earnings rose to $1.08 U.S. a share but missed the $1.17 U.S. average estimate of

Shares of Walt Disney Co. (DIS) are down 5% today after the entertainment giant provided weaker-than-expected forward guidance. The Mouse House reported subscriber gains for its flagship Disney+ streaming service that exceeded analyst forecasts.

more than $900 million U.S. in the third quarter year-over-year. growth in the latter part of this year may not be as strong as hoped. Sales in the period ended April 2 jumped to $19.2 billion U.S. but trailed the $20.1 billion U.S. Among the new attractions opening in the quarter were the Star Wars Galactic Starcruiser, an Although the quarterly gain was smaller than the growth that the service saw in the company’s Disney’s earnings rose to $1.08 U.S. a share but missed the $1.17 U.S. average estimate of

Trading volume has increased from November as more Disney followers are voting with their feet. The On-Balance-Volume (OBV) line has been in a downtrend as ...

Avoid the long side of DIS but don't put off that trip to Florida or a cruise. In the daily bar chart of DIS, below, we can see that the shares have weakened from the past summer and fall when DIS was trading in the $170-$190 area. Trading volume has increased from November as more Disney followers are voting with their feet.

Walt Disney Co (NYSE: DIS) shares are trading lower Thursday after the company reported financial results. Several analysts lowered price targets on the ...

- RBC Capital analyst Kutgun Maral maintained Disney with an Outperform rating and lowered the price target from $210 to $176. - Wells Fargo analyst Steven Cahall maintained Disney with an Overweight rating and lowered the price target from $182 to $153. Disney said fiscal second-quarter revenue grew 23% year-over-year to $19.25 billion, which beat the $18.88-billion estimate. - Credit Suisse analyst Douglas Mitchelson maintained Disney with an Outperform rating and lowered the price target from $218 to $170. - Keybanc analyst Brandon Nispel maintained Disney with an Overweight rating and lowered the price target from $216 to $151. Walt Disney Co DIS shares are trading lower Thursday after the company reported financial results.

General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping ...

Disney earnings missed views. Disney+ subscriber growth topped forecasts, but content costs will rise. Disney stock slumped late.

But streaming or "direct to consumer" losses also increased in Q2, with the buildout of Disney+ and ESPN+ both weighing on results. DIS stock fell 2.3% to 105.21 on Wednesday. Disney stock is angling toward an eighth straight weekly decline, trading 48% below a March 2021 high and at its lowest level since May 2020. The Disney+ Q2 subscriber tally is more than half Netflix's Q1 total of 221.6 million subscribers. Revenue rose 9% in the media and entertainment segment, including 23% for streaming services. Walt Disney ( DIS) missed earnings and sales estimates for its fiscal second quarter. Disney stock traded lower early Thursday.

The Walt Disney Company (DIS) was down by as much as 5% in pre-market US trading on Thursday and reached close to its 52-week low before settling down nearly 3% ...

The Delta we had initially anticipated may not be as large.” Revenue from its parks division more than doubled, to $6.7bn. “At Disney+ while we still expect higher net adds in the second half of the year than in the first half, it’s worth mentioning that we did have a stronger than expected first half of the year. Headquartered in California, US, it specialises in media networks, studio entertainment, interactive media, consumer products, parks and resorts. “Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services once again proved that we are in a league of our own,” Disney CEO Bob Chapek said in a statement. The Walt Disney Company ( DIS) was down by as much as 5% in pre-market US trading on Thursday and reached close to its 52-week low before settling down nearly 3% from Wednesday after the company cautioned investors that the boost in TV numbers might not continue in the second half of the year.

By the numbers: Disney's streaming division, which includes Disney+, Hulu and ESPN+, lost $887 million last quarter, up from $290 million a year ago. Executives ...

What to watch: The next frontier for growth for Netflix and Disney is introducing an ad-supported tier. Why it matters: ESPN, like its competitors, is faced with the delicate task of building for the future (streaming) without cannibalizing the present (cable). Chapek's comments indicate how close the future is to becoming the present — and the present to becoming the past. Be smart: Disney's stock typically trades on its streaming value proposition, even though the company makes most of its money on parks and resorts and its broadcast and cable networks. - Although the company showed continued growth in its domestic parks operations and cable networks, investors were looking for a signal that Disney's streaming momentum will continue, and they got some mixed responses. Stat of play: Disney on Wednesday said it now has over 200 million paid subscribers across all of its services globally, bringing it a big step closer towards closing in on Netflix's longtime streaming lead. - Nathanson said the company's push to scale its streaming services broadly will impact its ability to make more money from hyper-loyal users and fans.