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...
The Disney-Reliance merger, a deal roughly nine months in the making, has finally gone through. But while that means it's time to move forward, there are still a lot of questions about this blockbuster Indian media merger worth roughly $8.58 billion.
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.
Disney's Q4 2024 results showed a 6.3% revenue increase to $22.57 billion, surpassing forecasts, despite earnings per share falling short of expectations. Streaming operations, particularly Disney+, showed growth with Disney+ Core subscribers reaching an all-time high of 122.7 million, offsetting declines in low-value Hotstar users. Theme parks and theatrical distribution saw mixed results, wit...
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