Media Mogul Tom Rogers talks Disney stock tumbling after quarterly results

Core Viewpoint - Disney's shares fell nearly 8%, marking its worst day since April, despite reporting better-than-expected earnings but missing revenue targets [1] Financial Performance - Disney's TV networks and movie business negatively impacted results, and the company is currently in a carriage dispute with YouTube TV [1] - The company reported an increase of 11 million subscribers for Disney Plus, but this growth is largely attributed to wholesale subscriptions under a charter deal [12] Streaming and Future Outlook - There were high expectations for acceleration in the streaming segment, which is considered the future of the company, but no clear catalyst was identified [3][4] - CEO Bob Iger discussed plans for Disney Plus to evolve into a "super app" that integrates various Disney offerings, but this did not seem to excite investors [5] - The integration of Hulu and ESPN into a cohesive streaming strategy is seen as essential for future growth, with 80% of ESPN subscribers being part of a Disney Hulu bundle [6] Market Position and Competition - Disney is noted for having a strong presence across various demographics, including children, families, and sports, but it needs to demonstrate that this will drive growth [7] - The company has shown that its streaming growth is outpacing the decline in traditional media, with the majority of engagement and revenue now coming from streaming [11] Investor Sentiment - The market reaction to Disney's earnings was viewed as an overreaction, with some analysts suggesting that the stock has been priced for a prolonged period of stagnation [8][10] - Despite challenges, Disney is in a better financial position now, including a $7 billion share buyback plan, indicating recovery from previous difficulties [9]