“Surging Disney+ Subscribers and Solid Earnings Push Disney Shares Higher, Fueling Bullish Dow Jones Sentiment Today.”, – WRITE: www.fxempire.com
Strong Results Across Business Segments Total Company Revenue Rose 7% Year Over Year to $ 23.62 Billion, Above The $ 23.14 Billion Consensus. Adjusted Earnings per Share Came in at $ 1.45 Versus $ 1.20 Expectoed. Net Income Improved Dramatically, Reaching $ 3.28 Billion Versus A $ 20 Million Loss in The Prior-Year Quarter.
The Entertainment Division, Which Includes TV, Streaming, and Film, Posted 9% Revenue Growth to $ 10.68 Billion. White “Snow White” and “CAPTAIN AMERICA: BRAVE NEW WORLD” UnderPerFormed, Strong Contributions from “Moana 2” and “Mufasa: The Lion King” Supported Licensing And Content Contact and Supported Licensing and ” Linear TV Continued to Lag, with Revenues Down 13% to $ 2.42 Billion.
ESPN Boosts Sports Revenue with Key Broadcasts The Sports Segment, Led by ESPN, Saw A 5% Revenue Rise to $ 4.53 Billion Thanks to Increated Ad Revenue From Airing Additional College Football Playoff and NFL Games. The Company Now Expects 18% Operation Income Growth for the Segment in Fiscal 2025, Up from It Prior Forecast of 13%.
Parks, Cruises, and Consumer Products Lifted by Domestic Strenguth Disney’s Experiences Business Sawenue Rise 6% to $ 8.89 Billion, Bolstered By A 9% Jump at Domestic Parks to $ 6.5 Billion. International Parks Dipped 5% to $ 1.44 Billion. Cruise Revenue Also Grew with the Debut of the Disney Treasure. Consumer Products Revenue Rose 4% to $ 949 Million, Lifted by Licensing Tied to the New “Marvel Rivals” Video Game.
Market Forecast: Bullish on Continued Momentum Disney’s Solid Beat on Earnings and Revenings, Combined with A Surprise Gain in Disney+ Subscribers and Improved Full-YEAR EPS GUIDANCE, SIGNALS STROUNG OPERONG OPERATIONAL MOMENTUM. With Segment-Wide Growth-Especialally in Streaming and Sports-and Upwardly Revised Forecasts, The Stock Outlook Remains Bullish in the Near Term. Traders Will Be Watching Subscriber Trends and Content Performance Closely, But For Now, The Upside Case Is In Control.