2024-02-08 09:27:51 ET
Summary
- The Walt Disney Company's fiscal Q1 report shows successful cost-cutting efforts, with expenses down and net income up.
- Disney increased its dividend by 50% and reinstated buyback, indicating confidence in future earnings and cash flow.
- Disney+ continues to lose ground to Netflix, with a decrease in subscribers during Q1.
- Content segment is a huge concern as I rate Disney stock a "Hold."
The Walt Disney Company ( DIS ) has just released its Q1 report, as Seeking Alpha has covered here . Despite missing revenue estimates, the stock is up around 8% pre-market as the market appears to be cheering on other announcements from the company....
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Disney Q1: Cost-Cutting Saves The Quarter As Stock Remains A Hold