Getting overly bullish on Disney stock now is premature. DIS's performance in Q4 is more of the same in a market different from it was pre-2020. We think, at best now, it portends a hold.
Disney surprised many media analysts by sharing earnings guidance through 2027. There's little precedent for such a move, which reflects the Mouse House's confidence.
Quarterly results from Home Depot (HD) and Disney (DIS) highlighted this week's earnings lineup despite the broader market taking a breather following an extensive presidential election rally.
The Mouse is regaining its mojo on Wall Street. Disney stock, which hit a 2024 bottom of $83.91 over the summer, has roared back to life and is seeing a second straight day of significant gains after an upbeat earnings report Thursday morning.
Disney's theme park division posted record revenue and profit in fiscal 2024, and that growth is expected to continue next year. The company is breaking ground on new additions and updates to its domestic and international theme parks, but it will be several years before they become available to the public.
Disney shares surged due to strong Q4 earnings and a resurgence in Disney+ subscribers, driven by the ad-supported tier, which now comprises 37% of U.S. subscribers. The ad-supported tier has attracted cost-conscious consumers, contributing to Disney+ flipping to profitability and boosting overall company performance. Despite Disney's content library lagging behind Netflix, the nostalgia factor and cheaper ad-supported option are drawing in new subscribers effectively.
The Walt Disney Company DIS provided a look at multi-year guidance, which surprised analysts and resulted in price targets being raised after the company's fourth-quarter financial results.
The Walt Disney Company DIS provided a look at multi-year guidance Thursday, which surprised analysts and resulted in price targets being raised after the company's fourth-quarter financial results.
DIS' fourth-quarter fiscal 2024 results reflect growth in Disney+ subscribers and Media and Entertainment Distribution businesses.
Disney (DIS) shares were moving higher in early trading Friday, adding to the big gains recorded yesterday after the entertainment giant topped Wall Street's quarterly estimates and provided an upbeat long-term outlook.
Bob Iger returned to Walt Disney as CEO in 2022 with a bold promise of making streaming profitable.
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