HomeTechFAANGDisney (DIS) Holds Great Value: How Hollywood Strikes Will Impact Streaming

Disney (DIS) Holds Great Value: How Hollywood Strikes Will Impact Streaming

We think Disney (DIS) holds great value with distinct assets that may be recognized using strategic realignment and likely spin-offs, notes Ken Leon. He and Tim Nollen discuss the streaming sector. Ken mentions that DIS made significant progress in reducing costs and capital spending, leading to $1.6B free cash flow in 3Q. They talk about how DIS's 3Q adjusted EPS came in at $1.03 versus an estimated $0.99 and DIS 3Q Disney+ paid subscribers came in at 1-5.7M, which is up 1% quarter-over-quarter. They then go over how ongoing Hollywood strikes will impact streaming stocks. The also forecast streaming stocks for the rest of 2023, highlighting Netflix (NFLX), Warner Bros. Discovery (WBD), Paramount (PARA), and Apple (AAPL). PARA's 2Q adjusted EPS came in at $1.10 versus an estimated -$0.01. Tune in to find out more about the stock market today.

Trading 360

10 Aug 2023

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