Disney: The Sell-Off Has Gone Too Far

Henrik Sorensen Entertainment company Disney (NYSE:DIS) reported better than expected results for its fiscal third quarter on August 7, 2024 and the earnings scorecard showed continual progress in terms of an improving profitability profile in the direct-to-consumer business... which finally reached an inflection point in the June quarter and posted positive operating income for the first time. Further, Disney added a significant amount of new subscribers to its Disney+ domestic subscriber base. With Di ...