Analyst’s Disclosure: I/we have a beneficial long position in the shares of DIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any in ...

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

In this articleDISThe Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.Gabby Jones | Bloomberg | Getty ImagesDisney might be proving the world's most famous investor wrong.Last year, Warren Buffett, "The Oracle of Omaha," told CNBC's Becky Quick he had no faith in the business of streaming video."Streaming...it's not really a very good business," Buffett said on April 12, 2023. "The shareholders really haven't done that great over time."Buffett wasn't ly ...

BofA Securities analyst Jessica Reif Ehrlich reiterated a Buy rating on Walt Disney Co DIS with a price target of $120.Ehrlich maintained a positive outlook on Disney following its mixed fiscal fourth-quarter results, focusing on its guidance for fiscal 2025 and beyond.Disney’s fiscal fourth-quarter revenue grew 6.3% year-over-year to $22.6 billion, slightly above Ehrlich’s forecast of $22.3 billion. Operating income (OI) increased by 16% to $3.66 billion but fell below her estimated $3.70 billion. Adjusted ...

The House of Mouse dusted off the magic.Shares of Walt Disney (DIS 7.08%) took flight Thursday morning, jumping as much as 11.8%. As of 11:59 a.m. ET, the stock was still up 6.7%.The catalyst that sent the media company higher was its quarterly financial results, which contained a few happy surprises for investors.Sprinkling some pixie dustFor its fiscal 2024 fourth quarter (ended Sep. 28), the company reported revenue that climbed 6% year over year to $22.6 billion. However, it was the bottom-line results ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Financial Data and Key Metrics Changes - The company expects high single-digit adjusted EPS growth in fiscal 2025, accelerating to double-digit adjusted EPS growth in fiscal 2026 and 2027 [9] - The company ended the quarter with 174 million Disney+ Core and Hulu subscriptions, with Disney+ having over 120 million core subscribers [14] Business Line Data and Key Metrics Changes - The Experiences segment continues to be the gold standard for the industry, with a targeted investment strategy designed to drive operating income growth [13] - The company reported strong performance in film, with top movies like Inside Out 2 and Deadpool & Wolverine contributing to box office success [11] Market Data and Key Metrics Changes - The company noted that linear advertising remains strong, particularly due to live sports, which provides a differentiated audience compared to streaming [28] - The company anticipates a gradual strengthening of consumer demand in the parks and experiences segment, particularly in the second half of the fiscal year [25] Company Strategy and Development Direction - The company is focused on integrating technology into its sports offerings, including personalized experiences and enhanced advertising capabilities [22] - The company plans to strengthen its streaming offerings with the introduction of an ESPN tile on Disney+ and a flagship DTC offering in early fall of 2025 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sustained growth and create shareholder value through its world-class portfolio of assets [17] - The management acknowledged challenges in the linear network but emphasized the strength of their streaming portfolio as a natural hedge against declines in linear viewership [61] Other Important Information - The company is cautious about investments in local content until technology improvements are realized to reduce churn [56][68] - The company has modeled in incremental growth in content spend, particularly in international markets, without significantly disrupting overall cash flow [57] Q&A Session Summary Question: ESPN flagship launch and its impact on customer experience - Management highlighted that the ESPN flagship will offer a highly personalized sports experience, integrating features like betting and AI-driven content [22] Question: Outlook on consolidated advertising growth - Management indicated that linear advertising remains strong, and the integration of ad tech capabilities provides a competitive advantage [30] Question: Content production and spending growth - Management stated that selective investments in international markets will be prioritized, focusing on markets outside the U.S. [55] Question: Impact of divestitures and international presence - Management expressed excitement about the deal with Reliance in India, indicating a continued presence with a percentage ownership [75] Question: Performance of domestic and international parks - Management noted a strengthening consumer sentiment in domestic parks while acknowledging temporary softness in international markets due to external factors [78]

The media stock is soaring after a blowout quarterly report.Shares of Walt Disney (DIS 7.17%) opened sharply higher on Thursday, following better-than-expected financial results earlier in the day. The 8% pop at market open finds the media giant's stock trading at its highest level in more than six months.I argued at the start of this trading week that a strong fiscal fourth-quarter report could send Disney shares back above $100 for the first time in months. The blowout performance is making sure that the ...

Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8 billion. It also said it expects to buy back $3 billion worth of stock.Disney’s stock jumped 10.2% to $113.17, its h ...

Thursday, November 14, 2024This morning, pre-market trading is mild. The big relief rally following the General Election — Republicans yesterday won a majority in the House, officially making it a clean sweep — has given way to a more cautious approach, with one eye trained on economic data having influence over Fed monetary policy going forward.The Dow is +83 points at this hour, while the S&P 500 and Nasdaq indexes are -1 point and -20 points, respectively. The small-cap Russell 2000 is +2 points. Followi ...