Disney Stock Plummets Over 10% Despite Strong Earnings and Streaming Progress. What Are Analysts Saying About the Mixed Results? from myualbany outlook Watch Video
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⏲ Duration: 0:39 👁 View: 355K times ✓ Published: 09-May-2024
Description: Disney stock dropped over 10% despite reporting improved fiscal second-quarter earnings and guidance, as well as progress toward streaming profitability. Analysts debated the streaming profits and noted challenges like moderating theme park demand and linear network losses. Disney narrowed its streaming loss to $18 million and hit a $47 million profit when excluding ESPN+. It expects streaming profits in the fourth quarter. Mixed results and warnings of slowing park attendance concerned some analysts.