DIS - Disney: A Long Way To Go To Restore Its Former Glory Days

2024-03-25 06:07:25 ET

Summary

• Disney's financials show low levels of profitability and efficiency, with margins and profitability metrics still far from pre-pandemic levels.
• The company's streaming business, Disney+, is accumulating losses but is expected to become profitable in Q4 of fiscal 2024.
• Separating ESPN from the rest of the platforms may attract more sports-focused subscribers but could lead to cannibalization and a decline in cable revenues.

Introduction

I wanted to check on Disney’s ( DIS ) performance over the last full year to see how its operations have progressed and what’s in store going forward. The company is nowhere near its former glory days, and it will take some time before it sees those numbers again, but it is getting there....

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