Almost 2 Years Ago
2 Min Read

DIS shares moved up 6% today. Here's what's going on:



Walt Disney Company (DIS) is trading 6% higher at $118.905 today.

  • Reported better-than-expected 3Q results
  • Betting hiking premiums in bet on ad free viewing
  • Strong streaming growth 
  • Parks division revenues jumped 70% from $4 billion to $5 billion
  • 221 streaming subscribers 
  • Strength in Hotstar and the international business
  • Hulu and ESPN+ weaker than expected
  • Lowered expectations for future growth rates 

Walt Disney Company has been trading between a 52-week high of $187.58 and a 52-week low of $90.23. The stock has a market cap of $216 Billion.

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Parks, Experiences and Products; Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports–focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020.

Headlines


Walt Disney Inches Closer to a Very Adult Business
The Street 08-11-22

Predator Prequel Prey Beats The Kardashians: Here''s What The Hulu Record Could Mean
Benzinga 08-11-22

Thursday''s Market Minute: Walt Disney (DIS) Bucks Streaming Trend, Subscribers Inch Higher In 3Q
Benzinga 08-11-22

Why Is VERU Stock Up 36% Today?
InvestorPlace 08-11-22

Disney (DIS) Stock Gains on Earnings Beat, Streaming Growth
InvestorPlace 08-11-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

AbyssUpdate - 23 upvotes - source
Bears got $DIS nuts all over their faces ![img](emote|t5_2th52|4271)

Hungry_Economist_402 - 19 upvotes - source
DIS subs up. way too many people like crappy, repetitive, star wars and marvel shows 😒😒

renedotmac - 18 upvotes - source
With DIS still 45% down from its all time high, parks at full capacity, Disney plus adding subscribers, and ESPN + adding more too, is it destined for a bull run?

fuckinBogged - 17 upvotes - source
I bought the absolute bottom on DIS ![img](emote|t5_2th52|8882)

AdditionalCompany947 - 15 upvotes - source
dis needs to go to 125 by open just because I want a 10x not just a 7x

imsilver4fukyou - 12 upvotes - source
Disney $DIS now has more subscribers than Netflix $NFLX across all its streaming services

scrafter54 - 12 upvotes - source
DIS rn ⢀⡴⠑⡄⠀⠀⠀⠀⠀⠀⠀⣀⣀⣤⣤⣤⣀⡀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠸⡇⠀⠿⡀⠀⠀⠀⣀⡴⢿⣿⣿⣿⣿⣿⣿⣿⣷⣦⡀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠑⢄⣠⠾⠁⣀⣄⡈⠙⣿⣿⣿⣿⣿⣿⣿⣿⣆⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⢀⡀⠁⠀⠀⠈⠙⠛⠂⠈⣿⣿⣿⣿⣿⠿⡿⢿⣆⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⢀⡾⣁⣀⠀⠴⠂⠙⣗⡀⠀⢻⣿⣿⠭⢤⣴⣦⣤⣹⠀⠀⠀⢀⢴⣶⣆ ⠀⠀⢀⣾⣿⣿⣿⣷⣮⣽⣾⣿⣥⣴⣿⣿⡿⢂⠔⢚⡿⢿⣿⣦⣴⣾⠁⠸⣼⡿ ⠀⢀⡞⠁⠙⠻⠿⠟⠉⠀⠛⢹⣿⣿⣿⣿⣿⣌⢤⣼⣿⣾⣿⡟⠉⠀⠀⠀⠀⠀ ⠀⣾⣷⣶⠇⠀⠀⣤⣄⣀⡀⠈⠻⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠉⠈⠉⠀⠀⢦⡈⢻⣿⣿⣿⣶⣶⣶⣶⣤⣽⡹⣿⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠉⠲⣽⡻⢿⣿⣿⣿⣿⣿⣿⣷⣜⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⢸⣿⣿⣷⣶⣮⣭⣽⣿⣿⣿⣿⣿⣿⣿⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⣀⣀⣈⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠇⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⢿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠃⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠹⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡿⠟⠁⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠉⠛⠻⠿⠿⠿⠿⠛⠉

corey0810 - 11 upvotes - source
DIS beat streamer forecast by 44% or 4.4 million. holy shit

zg44 - 11 upvotes - source
DIS up $10 after that earnings report. Feels like the old days.

Stonky69McStonkface - 11 upvotes - source
Open the casino already I wanna sell these DIS calls 🤑🤑🤑