Tag: Disney stock

Walt Disney Co. stock continued sliding this week, dropping almost 4% to reach its nine-year low. The investors seem to be less convinced about the company’s ability to return to its former heights and believe the dip might not stop there. The company had an...

Entertainment giant Walt Disney Company shared its second-quarter earnings on Wednesday, missing estimates on revenue and Disney+ subscribers. However, the company’s stock still made gains in the after-hours trading on the back of a lower capital spending forecast. Disney reported revenue of $22.33 billion compared...

Disney reported its first-quarter earnings after the bell on Wednesday, narrowly missing consensus estimates on its earnings per share. The company realized adjusted earnings per share of $0.93; just short of an expected $0.94. Revenue for the three months ending March 31 was $21.82 billion;...

Comcast and Disney are confident that their financial performances will improve after spending on their streaming businesses hit new heights in 2022 with peak spending expected to be reached this year. The streaming giants expect that once this peak is hit, costs will decline...

Citi analyst Jason Bazinet expressed the claim that Disney could consider selling its 67% stake in online streaming company Hulu. Bazinet offered the following observation in a note to clients: "We believe Disney may sell its 67% stake in Hulu. In parallel, we suspect...

Walt Disney Co is considering plans to freeze all hiring and cut jobs as the company faces economic uncertainty due to the losses incurred by its streaming service business. The news was shared on Friday in a memo from Chief Executive Bob Chapek to...