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 -
sourceBears got $DIS nuts all over their faces ![img](emote|t5_2th52|4271)
Hungry_Economist_402 - 19 upvotes -
sourceDIS subs up. way too many people like crappy, repetitive, star wars and marvel shows 😒😒
renedotmac - 18 upvotes -
sourceWith 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 -
sourceI bought the absolute bottom on DIS ![img](emote|t5_2th52|8882)
AdditionalCompany947 - 15 upvotes -
sourcedis needs to go to 125 by open just because I want a 10x not just a 7x
imsilver4fukyou - 12 upvotes -
sourceDisney $DIS now has more subscribers than Netflix $NFLX across all its streaming services
scrafter54 - 12 upvotes -
sourceDIS rn ⢀⡴⠑⡄⠀⠀⠀⠀⠀⠀⠀⣀⣀⣤⣤⣤⣀⡀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠸⡇⠀⠿⡀⠀⠀⠀⣀⡴⢿⣿⣿⣿⣿⣿⣿⣿⣷⣦⡀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠑⢄⣠⠾⠁⣀⣄⡈⠙⣿⣿⣿⣿⣿⣿⣿⣿⣆⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⢀⡀⠁⠀⠀⠈⠙⠛⠂⠈⣿⣿⣿⣿⣿⠿⡿⢿⣆⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⢀⡾⣁⣀⠀⠴⠂⠙⣗⡀⠀⢻⣿⣿⠭⢤⣴⣦⣤⣹⠀⠀⠀⢀⢴⣶⣆ ⠀⠀⢀⣾⣿⣿⣿⣷⣮⣽⣾⣿⣥⣴⣿⣿⡿⢂⠔⢚⡿⢿⣿⣦⣴⣾⠁⠸⣼⡿ ⠀⢀⡞⠁⠙⠻⠿⠟⠉⠀⠛⢹⣿⣿⣿⣿⣿⣌⢤⣼⣿⣾⣿⡟⠉⠀⠀⠀⠀⠀ ⠀⣾⣷⣶⠇⠀⠀⣤⣄⣀⡀⠈⠻⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠉⠈⠉⠀⠀⢦⡈⢻⣿⣿⣿⣶⣶⣶⣶⣤⣽⡹⣿⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠉⠲⣽⡻⢿⣿⣿⣿⣿⣿⣿⣷⣜⣿⣿⣿⡇⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⢸⣿⣿⣷⣶⣮⣭⣽⣿⣿⣿⣿⣿⣿⣿⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⣀⣀⣈⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠇⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⢿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠃⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠹⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡿⠟⠁⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠉⠛⠻⠿⠿⠿⠿⠛⠉
corey0810 - 11 upvotes -
sourceDIS beat streamer forecast by 44% or 4.4 million. holy shit
zg44 - 11 upvotes -
sourceDIS up $10 after that earnings report. Feels like the old days.
Stonky69McStonkface - 11 upvotes -
sourceOpen the casino already I wanna sell these DIS calls 🤑🤑🤑