Disney: Direct-To-Consumer Is On The Path To Generate Profitability. Time To Buy

HAYKIRDI/E+ via Getty Images Disney (NYSE:DIS) reported a 5% revenue growth in Q4 FY23. Notably, their Direct-to-Consumer business showed a strong year-over-year growth of 13.2%, accompanied by improved operating margins. The company remains confident in achieving profitability four quarters later. I view these improvements as quite positive and upgrade Disney to a ‘Buy’ rating with a fair value price of $95 per share. Financial Review and Outlook At the close of the fiscal year, they achieved a 7.5% re ...