Media Mogul Tom Rogers talks Disney stock tumbling after quarterly results

Stock Performance & Market Reaction - Disney shares experienced a significant drop of almost 8%, marking its worst day since April, despite reporting better-than-expected earnings but missing on revenue [1] - The market reaction is attributed to a lack of clear catalysts for streaming acceleration, which is considered the future of the company [3][4] - The stock's underperformance suggests that the market has already priced in the company's lethargy, despite a largely solid DTC (Direct-to-Consumer) business [9][10] Streaming Business & Future Strategy - There was an expectation of greater acceleration in streaming, but no clear indication of a catalyst, leading to disappointment [3][4] - Disney's CEO Bob Iger discussed Disney Plus as a platform, envisioning it as a "super app" leveraging AI to connect fans to various Disney businesses [5] - Disney needs to demonstrate successful integration of Hulu and bundling of ESPN streaming to leverage its unique position of strength across children, families, adults, and sports [6][7] - Disney Plus subscriber growth has been limited, with only 11 million subscribers a year, a portion of which are wholesale subscribers under a charter deal, unlike Netflix's previous growth of 40 million subscribers a year with 30% margins [12] - Disney did not mention engagement metrics on the earnings call, leaving uncertainty about how the company will be measured going forward [14] Financial Health & Strategic Moves - Disney is buying back $7 billion of shares, indicating an improved balance sheet after a difficult period [9] - The company has demonstrated that growth in streaming is outpacing the decline in traditional media, with the majority of engagement and revenue now coming from streaming [11]