๐๐Will you buy in Disney for your fairy tale dream?
[Smile]Hello Tigers๏ผ
Did your childhood dreams include becoming a princess? ๐ธ Did you yearn for a life of freedom in a boundless fairy tale world? ๐
Disneyland might be the very embodiment of such a wonderland, filled with laughter and joy, drawing countless individuals to experience a day free from worries. ๐ข
๐ Disney's Financial Performance ๐น
On 14th Nov.2024, Disney anounced its Earnings Results: Q3 Earnings Digest! Disney is in Another Upward Trend?
As of September 30, 2024, Disney reported a fourth-quarter revenue of $22.574 billion, a 6% increase year-over-year and above the market expectation of $22.47 billion. ๐
The entertainment division saw a 14% revenue growth, reaching $10.8 billion, which also propelled the streaming business forward, with segment operating income more than doubling to $1.07 billion. ๐
During this period, Disney released "Deadpool and Wolverine" and "Inside Out 2," both of which became major hits. ๐ฌ
In the streaming sector, the company's direct-to-consumer services generated an operating income of $321 million. ๐บ
๐ Disney+ and DTC Growth โญ
Disney+ has added over 4 million "core" subscribers, bringing the total number of core subscribers past 120 million; DTC business revenue stood at $5.8 billion.
Wall Street is generally bullish on Disney's future performance. ๐
nvestment bank Needham has increased its target price for Disney from $110 to $130, while Goldman Sachs maintains a buy rating for Disney, with a target price of $125. ๐ฆ
๐ฎ Analysts' Outlook on Disney ๐
JPMorgan Chase analyst David Karnovsky expressed optimism about Disney's medium-term prospects in a client report.
He believes that, apart from the linear television business, Disney's overall momentum remains positive, and the company's cost-cutting measures are expected to mitigate the decline in linear television business to some extent. ๐
๐ญ The Princess Dream and Disney Investment ๐ญ
As every child may aspire to step into the realm of fairy tales, would you still choose to invest in $Walt Disney(DIS)$ today for the sake of that princess dream? ๐
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- Jaenelleยท11-15 22:17yes kids love disneyLikeReport