Despite posting strong results for its fiscal third quarter on Wednesday, Disney's (DIS) stock has dropped 5% since its Q3 report and is now 30% below its 52-week highs.
Look at ETFs with exposure to Disney, as the company reports its third-quarter earnings.
Walt Disney Co (NYSE:DIS, ETR:WDP) plans to invest at least $5 billion (£3.9 bilion) in the UK and continental Europe over the next five years to produce movies and TV shows, the Mouse House's European boss told the Financial Times. The entertainment monolith already has a sizeable production presence in the UK, with all previous Star Wars films being filmed at Pinewood Studios in Iver Heath, England.
The House of Mouse is returning to form at the box office.
Walt Disney , which reclaimed the top of the summer box office with Pixar animation's Inside Out 2 and Marvel's raunchy Deadpool & Wolverine, is set to announce details of coming films at its D23 fan convention on Friday.
Disney has unmatched intellectual property, and its streaming services are generating positive operating income. The business might never replace the declining profits of the once-thriving linear networks.
Disney's shares dropped 4.5% after exceeding revenue and earnings expectations in Q3, driven by concerns over theme park operations and the pending Hulu acquisition. Disney's streaming business showed mixed results with Disney+ Hotstar subscribers declining, while Disney+ Core subscribers and other streaming services saw growth. Despite some weak spots, Disney's overall financial performance was strong, with growth in revenue, earnings, and cash flow, leading to a 'strong buy' rating.
Bad news for those who share or are using a shared Disney Plus account: The streaming service's password-sharing crackdown is rolling out “in earnest” next month. That's according to comments from Disney CEO Bob Iger, who confirmed that the company would be expanding its password-sharing crackdown in September.
While streaming remains the future of the entertainment industry, it has become difficult to make a go of the business. The hype that surrounded streaming during the pandemic when everyone was locked down at home has subsided.
The Walt Disney Company DIS stock analysts see concerns for the company's theme park business weighing on financials and offsetting profitability shown for streaming in the third quarter.
Disney's (DIS) iconic brand and improved streaming services performance make the stock worth watching amid intensifying competitive pressure and high valuation in 2024.
Shares of entertainment and media firm Walt Disney have dropped despite a first-time profit at its streaming unit.