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Can you give me an analysis for Disney latest earnings report? What's the outlook for its streaming business ? What's the extent of the decline of its traditional cable tv biz ? Is this a risk ?
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Based on the information I found, Disney's latest earnings report indicates that the company is facing challenges across its various businesses. The decline of its traditional cable TV business is a significant concern, with pay-TV subscribers declining at a rate of 6% to 7%. This decline is impacting advertising and affiliate revenue.
On the other hand, Disney's streaming business, particularly Disney+, has been operating at a loss and has experienced a decline in subscriber numbers. The loss of important streaming rights has also affected interest in the service. However, Disney's strong business model and its extensive catalogue of popular TV shows and movie franchises position it well to continue expanding its streaming service.
Overall, the outlook for Disney's streaming business is uncertain, given the challenges it is currently facing. The decline of its traditional cable TV business poses a risk to the company's revenue and profitability. However, Disney's strong brand and content library provide potential opportunities for growth in the streaming space.
Reference articles:
Disney is 'an expensive stock compared with everything else in media,' analyst says
Does Disney's Streaming and Attendance Slip Offer a Buy-the-Dip Scenario?
3 Most Undervalued Dow Stocks to Buy Now: August 2023
Disney Earnings: What to Know -- WSJ
1 Major Red Flag With Disney's Latest Earnings That Investors Need to Know
Disney earnings: Here’s what to expect, by the numbers