Disney

Disney 4Q Looks to Be Continuation of Recent Trends

/ / Consumer Discretionary / ,

Disney’s performance in 4Q appears to be a continuation of recent trends, say analysts at BofA Securities in a research note. Advertising is improving sequentially but not necessarily rebounding, while theme park trends overall remain healthy. The entertainment giant’s short dispute with Charter Communications should have a minimal impact. “FY24 outlook is clearly more positive as it will reflect solid underlying momentum at parks and continued improvement in losses at DTC, ” say the analysts. CEO Bob Iger has made a lot of progress in his first year back, but more is needed in the second year. The analysts believe the near-term strategic priorities include NBA contract renewal, bringing in a strategic partner or partners for ESPN, settling streaming service Hulu’s ownership and any potential asset sales or restructuring.

Disney 4Q Looks to Be Continuation of Recent Trends Read Post »

Disney Touts Higher Per-Person Spending at Theme Parks

/ / Consumer Discretionary /

In a presentation laying out its plans to pour $60 billion into its theme parks and cruise line over the next decade, Disney puts the focus on its ability to drive more spending from each customer. From fiscal 2019 to fiscal 2022, per-capita spending at Disney’s U.S. parks has grown 42%. That doesn’t include Disney’s efforts this year to add lower-priced options at its parks. Disney says in the presentation that the 42% growth was lifted in part by pricing strategies but mostly by “other commercial strategies.”

Disney Touts Higher Per-Person Spending at Theme Parks Read Post »

Disney Says No Decision Made on Selling ABC

/ / Consumer Discretionary /

Disney has yet to make a decision about whether it will sell the ABC television network or other properties in its linear broadcasting business, a spokesperson said. Bloomberg reported on Thursday that Disney had held exploratory talks with Nexstar Media Group about selling its TV stations, including ABC, citing people familiar with the discussions. “While we are open to considering a variety of strategic options for our linear businesses, at this time the Walt Disney company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” Disney’s spokesperson said.

Disney Says No Decision Made on Selling ABC Read Post »

Walt Disney (NYSE:DIS) Fiscal Q3 Results Reflect ‘Healthy’ Parks’ Segment Growth Morgan Stanley Says

/ / Consumer Discretionary / ,

Walt Disney (NYSE:DIS) fiscal Q3 results show the overall Parks and Experiences segment growth remains ‘healthy’ and the company is taking key measures to boost the earnings power of its underearning media assets, Morgan Stanley said in a note to clients Thursday. The media and entertainment company reported late Wednesday adjusted earnings fell to $1.03 per diluted share from $1.09 a year earlier, while revenue for the quarter ended July 1 grew to $22.33 billion from $21.50 billion a year earlier. The analysts said Disney Parks, Experiences and Products, or DPEP, which is set to drive consolidated earnings and free cash flow growth for years to come, is a real investment positive while the company’s media assets are under-earning and under-valued at current levels. Disney is planning to materially reduce the level of content for its streaming services currently and on a forward-looking basis, a move that will lower content

Walt Disney (NYSE:DIS) Fiscal Q3 Results Reflect ‘Healthy’ Parks’ Segment Growth Morgan Stanley Says Read Post »

Scroll to Top