Disney’s stock got hammered in the pandemic’s early days, shedding about 38 per cent of its value in the month ending March 20, 2020. After rallying for much of last year, it’s down almost 15 per cent since the beginning of 2021.
Streaming platform Disney+ is up to 118.1 million subscribers, and the company projects that figure will grow to more than 230 million by 2024. While the company says Disney+ subscriber growth slowed, revenue from subscriptions across Disney+, ESPN+ and Hulu was US$4.6 billion in Q4 — 38 per cent higher than a year before.Article content
The sell-off of Mastercard’s stock doesn’t appear to have anything to do with the company’s performance. Q3 net revenue was US$5 billion, a year-over-year increase of 30 per cent. Purchase volume was up 23 per cent over the same period.Article content But that could be more of a long-term issue. In the short-term, inflation-jacked prices mean customers are paying more, and a rebound in tourism and credit card spending should have the company’s users — there’s almost a billion of them — ringing up purchases left and right.AT&T’s stock has been on a downward tumble for a while now. Its share price is 45 per cent lower than it was five years ago and is down more than 22 per cent this year alone.
And yet it may not crash as investors are being protected from losses by federal governments to an unprecedented degree
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