DIS - Disney: Q1 Impressive Margin Improvement And ESPN Stand-Alone Streaming Launch (Rating Upgrade)
2024-02-08 23:42:26 ET
Summary
- Disney's direct-to-consumer business showed improvement with a 15% YoY growth in revenue and a significant improvement in operating margin.
- Subscriber growth, price increases, and advertising revenue are contributing to the positive performance of the Direct-to-Consumer segment.
- DIS announced a $3 billion share buyback plan and expects $8 billion in free cash flow in FY24, supporting their strong financial outlook.
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Disney: Q1, Impressive Margin Improvement And ESPN Stand-Alone Streaming Launch (Rating Upgrade)