Disney's results left the stock down 4% in premarket trading; however, many on Wall Street said now is a good time to buy the dip in the stock.
Disney earned 79 cents per share, well above the 27 cents per share expected by Wall Street, according to Refinitiv. The company made $15.61 billion in revenue, missing estimates of $15.87 billion. The company missed on subscriber estimates for Disney+, coming in at 103.6 million paid subscribers. It was expected to post 109 million, according to FactSet. This print fell below the pace required to reach Disney's 2024 goal, but the company
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Disney+ Misses Expectations With 103.6 Million Subscribers“We’re pleased to see more encouraging signs of recovery across our businesses, and we remain focused on ramping up our operations while also fueling long-term growth for the Company,” Disney's CEO Bob Chapek said in a statement Chief of Naval Operations confirms Navy has yet to identify the so-called “drones” that swarmed ships in Southern California: “I am aware of those sightings.” Maybe cause there’s a million websites where u can access all that for free… idk just a thought Will Disney receive the same doom and gloom headlines Netflix got a few weeks ago after missing targets as the difference is Disney+ had far stronger content in the first quarter and launched Star internationally, so growth should have been far stronger than Netflix
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Disney “In Conversations” About NFL Sunday Ticket As ESPN Inks New Rights DealsThe Walt Disney Co. is continuing to make deals to benefit ESPN, even as it becomes increasingly agnostic as to where consumers watch their live sports. During the company’s quarterly earning…
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