What's Going On With Disney Stock Wednesday?
Portfolio Pulse from Adam Eckert
Walt Disney Co (NYSE:DIS) shares are trading flat following an announcement of a joint sports streaming service launch this fall with ESPN, Warner Bros Discovery, and Fox. The service will offer a wide range of sports channels and the option to bundle with Disney+, Hulu, and Max. Disney is also preparing to report its fiscal first-quarter financial results, with expected earnings of 99 cents per share on $23.643 billion in revenue. Disney shares experienced a slight decline of 0.31% to $98.98.
February 07, 2024 | 8:11 pm
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POSITIVE IMPACT
Disney announces a joint sports streaming service with ESPN, Warner Bros Discovery, and Fox, and is set to report its fiscal Q1 financial results.
The announcement of the new sports streaming service represents a significant expansion in Disney's digital offerings, likely appealing to a broad audience and potentially boosting subscriber numbers and revenue. However, the slight dip in share price reflects market volatility and investor caution ahead of the earnings report. The expected earnings and revenue figures suggest a strong performance, which could positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100