Disney Is Finally Getting Back To Business After Fixing Its Issues
Portfolio Pulse from Upwallstreet
The Walt Disney Company reported its fiscal Q4 results, topping profit estimates and revealing its commitment to purchase a 33% stake in Hulu from Comcast Corporation. The company also announced the appointment of a new CFO, PepsiCo veteran Hugh Johnston. Disney's results were boosted by the end of the SAG-AFTRA strike, a 5% rise in revenue to $21.24 billion, and a net income of $264 million. The company's streaming figures were stronger than expected, with Disney+ net additions rising by nearly 7 million from the previous quarter. Disney also raised its cost-cutting target to $7.5 billion and provided an outlook for its content spend for 2024 of $25 billion.
November 09, 2023 | 9:45 pm
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NEUTRAL IMPACT
Disney's commitment to purchase a 33% stake in Hulu from Comcast Corporation could potentially impact Comcast's stock.
Disney's commitment to purchase a 33% stake in Hulu from Comcast Corporation could potentially impact Comcast's stock, although the exact impact is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Despite Disney's strong streaming figures, Netflix also added a million subscribers during the latest reported quarter.
Despite Disney's strong streaming figures, Netflix also added a million subscribers during the latest reported quarter, indicating that the competition in the streaming market remains strong.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Disney's appointment of PepsiCo veteran Hugh Johnston as its new CFO could potentially impact PepsiCo's stock.
Disney's appointment of PepsiCo veteran Hugh Johnston as its new CFO could potentially impact PepsiCo's stock, although the exact impact is uncertain at this time.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Disney's Q4 results exceeded expectations, with strong streaming figures and the end of the SAG-AFTRA strike likely to boost investor confidence.
Disney's better-than-expected Q4 results, strong streaming figures, and the end of the SAG-AFTRA strike are all positive news for the company, likely leading to increased investor confidence and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100