Disney Reported Improving Figures As It Continues To Seek For Its Comeback
Portfolio Pulse from Upwallstreet
Disney (NYSE:DIS) reported improved earnings, narrowing streaming losses and lifting guidance, but still faces challenges in the entertainment sector. Shares rose 7% in extended trading. Disney announced a collaboration with Epic Games to create a gaming universe and will acquire a $1.5 billion equity stake in Epic Games. Disney also plans to focus on live sports streaming, with the launch of ESPN streaming service in 2025. Despite flat revenue of $23.55 billion for the quarter, net income rose to $1.91 billion. Netflix (NASDAQ:NFLX) increased its gaming presence and reported a significant subscriber growth, ending 2023 with 260.3 million subscribers and a 12% YoY revenue growth.
February 12, 2024 | 5:35 pm
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Disney reported improved earnings, a collaboration with Epic Games, and plans for live sports streaming. Despite challenges, shares rose 7% in extended trading.
Disney's positive earnings report and strategic moves into gaming and live sports streaming, coupled with a 7% rise in shares, indicate a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Netflix increased its gaming presence and reported significant subscriber growth, ending 2023 with 260.3 million subscribers and a 12% YoY revenue growth.
Netflix's expansion into gaming and significant subscriber growth, along with a 12% YoY revenue increase, suggest a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80