Disney Reports ESPN Financials, Analysts Say The Results Are 'Intriguing,' Better Than Expected: What It Means For The Future
Portfolio Pulse from Chris Katje
Walt Disney Co (NYSE:DIS) has revealed its ESPN brand's financials, which analysts have described as 'intriguing' and better than expected. The company plans to present the business separate from entertainment going forward. ESPN represented around 55% of Disney’s Linear Networks revenue. Analysts from Macquarie and Morgan Stanley have given neutral and overweight ratings respectively, with price targets of $94 and $105. Disney shares were $83.25 at market close Thursday.
October 19, 2023 | 10:19 pm
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Disney's ESPN financials have been revealed, showing better than expected results. The company plans to present ESPN as a separate business from entertainment going forward. This could potentially impact Disney's stock positively.
The better than expected financials of ESPN, which represents a significant portion of Disney's revenue, could potentially boost investor confidence in Disney. This, coupled with the company's plans to present ESPN as a separate business, could lead to a positive impact on Disney's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100