Focus on Disney ETFs Post Q2 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
0mins
Should l Buy DIS?
Source: NASDAQ.COM
- Financial Performance: Walt Disney Company reported Q2 fiscal 2024 earnings of $1.21 per share, beating estimates by 8.04% and increasing 30.1% year over year. Revenues rose 1.2% to $22.08 billion but missed consensus by 0.23%.
- Segment Performance: Media and Entertainment Distribution revenues decreased by 5%, while Parks, Experiences, and Products revenues increased by 9.8% year over year.
- Streaming Services: Disney+ had 117.6 million paid subscribers, with varying average monthly revenue per paid subscriber for domestic and international markets.
- Investor Reaction: Disney's shares fell nearly 9% post-earnings due to concerns about theme park division deceleration despite a strong recovery.
- ETF Exposure: Several ETFs have exposure to Disney, with fluctuations in performance over the past month and three months.
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Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 104.330
Low
123.00
Averages
137.29
High
152.00
Current: 104.330
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Acquisition Proposal Termination: Netflix received a $2.8 billion termination fee after Warner Bros. opted for a competing bid, a decision viewed positively by the market as a sign of the company's fiscal discipline, further solidifying its position in the competitive streaming landscape.
- Analyst Rating Upgrade: JPMorgan raised Netflix's price target to $120, prompting investors to closely watch how the company will leverage the termination fee to drive growth in its core business and enhance its competitive edge.
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- Platform Merger: The companies plan to merge Paramount+ and HBO Max into a single platform, likely introducing high-priced subscription tiers that include live CBS and sports content, further attracting users.
- User Base Expansion: Post-merger, Warner Bros. and Paramount will have a combined global subscriber base of approximately 210.6 million, enhancing their influence in the streaming market while providing sports fans with a more convenient viewing experience.
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