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WALT DISNEY COMPANY (THE) 12 CEDEAR EACH REPR 1 COM USD0.01WALT DISNEY COMPANY (THE) 12 CEDEAR EACH REPR 1 COM USD0.01WALT DISNEY COMPANY (THE) 12 CEDEAR EACH REPR 1 COM USD0.01

WALT DISNEY COMPANY (THE) 12 CEDEAR EACH REPR 1 COM USD0.01

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Disney Raises Cost-Cutting Target To $7.5 Billion Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion. The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million. Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%. 244 DIS FDA approves Eli Lilly's Mounjaro for weight lossScroll back up to restore default view. Alexandra Canal Alexandra Canal·Senior Reporter Wed, November 8, 2023 at 10:05 PM GMT+1 In this article: DIS Disney (DIS) reported fiscal fourth quarter earnings after the bell on Wednesday that beat expectations as the company increased its annual cost cutting goal to $7.5 billion, up from the previous $5.5 billion set in February. That includes a $4.5 billion annualized cut to content spending, up from the prior $3 billion. The company's streaming figures came in much strong than expected with nearly 7 million core Disney+ net additions, compared to consensus calls of 2.68 million. Streaming losses narrowed to $387 million from a loss of $1.41 billion in the prior year period after the company raised streaming prices for the second time this year, upping the monthly price of its ad-free Disney+ and Hulu plans by more than 20%. Analysts polled by Bloomberg had expected direct-to-consumer losses to mount to $454 million in the quarter. The company previously reported a loss of $512 million in Q3, a $659 million loss in Q2 and a $1.1 billion loss in Q1. The results follow the official reveal of Disney's next CFO and commitment to purchase Comcast's 33% stake in Hulu. On the earnings call, the company said it expects free cash flow to balloon to $8 billion in full-year 2024, assisted by lower content spend. Disney expects to spend $25 billion on content next year versus the $27 billion spent in full-year 2023. It will also recommend a dividend by the end of the calendar year. Shares climbed almost 4% in pre-market trading following the results. Adjusted earnings of $0.82 a share beat expectations of $0.69 per share and was more than double the prior-year period's earnings per share of $0.30. Revenue, meanwhile, slightly missed estimates of $21.43 billion to hit $21.24 billion, up 5% compared to the prior-year quarter's $20.15 billion. Wednesday's results mark the first time the media giant delivered earnings under its new reporting structure after CEO Bob Iger reorganized the company into three core business segments: Disney Entertainment, which includes its entire media and streaming portfolio; Experiences, which encompasses the parks business; and Sports, which included ESPN networks and ESPN+. Here's how those individual segments performed in the quarter versus Wall Street consensus estimates compiled by Bloomberg: Entertainment revenue: $9.52 billion versus $9.77 billion expected Sports revenue: $3.91 billion versus $3.89 billion expected Experiences revenue: $8.16 billion versus $8.20 billion expected Disney's stock has struggled, down about 3% since the start of the year and down 5% since Iger's return. Disney's Experiences division, which includes its parks, cruise lines and consumer products, saw revenue leap 13% year-over-year in the quarter to hit $8.16 billion. Operating income came in at $1.76 billion, below estimates of $1.87 billion but 30% above Q4 2022's $1.34 billion total. The company said lower results at its domestic parks and resorts stemmed from a decrease at Walt Disney World Resort due to inflation and lower guest spending. Disney plans to invest $60 billion into its theme parks business over the next 10 years. Most of its full-year 2024 domestic parks growth will be in the second half of the year. Price Momentum DIS is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum.
NYSE:DISLong
by DEXWireNews
Rectangle/Earning Tomorrow AMCNeutral pattern until broken. Also known as a horizontal trading range and is considered to be a consolidation pattern. The top line (red) is resistance. A break of this line with an uptrend is considered to be EL. The bottom line is support and a break of this line with a downtrend is used as ES. Targets over the structure in green are for a break to the upside. T1 is larger type than T2 and so on. Sometimes all we get is T1 either way this breaks. Some would trade inside the rectangle. Price is at a resistance level today. No recommendation.
NYSE:DIS
by lauralea
2
Shifting Sentiment in DIS Ahead of Earnings?NYSE:DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time. The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement. DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.
NYSE:DIS
by MarthaStokesCMT-TechniTrader
Disney $dis #dis Back in our Buy zone.The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher. In the bigger picture i still say buyers should be highly considering keeping some shares sub$100 and especially sub $90 for long term holds/investments. These sub $85 and even better sub $80 positions may someday seem like a GIFT for the future of your portfolio's. Don't miss out and squander this opportunity.
NYSE:DIS
by rarebreed29
WALT DISNEY: Falling Wedge breaking out.Walt Disney turned bullish on the 1D timeframe (RSI = 61.58, MACD = 0.500, ADX = 21.285) as it crossed over the Falling Wedge pattern that has been guiding the market downwards since the start of the year. The final Resistance to break is the 1D MA100, which hasn't been crossed since May 11th. If it does, we will go long and target the R1 level (TP = 92.50), which is where the next critical Resistance sits at, the 1D MA200. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:DISLong
by InvestingScope
3
DIS: Incoming "Magical" Bounce?NYSE:DIS has certainly seen better days as it has spent the better part of the last 2 years with price action slowly trickling downwards. That being said, a magical opportunity appears to be presenting itself. We see an active rug pull event has kicked off on the 2D chart with an upside target of $103. This represents an upside of approximately 20% from current levels. In confluence with this, we see that price is currently contained within a downwards channel with the upper line of this channel conveniently at, you guessed it, $103. Furthermore, price appears to be breaking out of a falling wedge within the aforementioned channel and price has bounced off of prior COVID lows. As a cherry on top, there appears to be massive bullish divergence building on the monthly timeframe with a pending EMA crossover of the RSI. All signs pointing to potential near-future bullish movements; however, long-term direction of NYSE:DIS remains cloudy. Disclaimer: Any information contained within this post does not constitute any financial, investment, or trading advice. Trade or invest at your own risk.
NYSE:DISLong
by RocketTraveler