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ColumnsWill Bob Iger save Disney this time? Investors are liking it so far!
$Disney(DIS.US$
Disney$Disney(DIS.US$ , one of the worst performers in Dow Jones$Dow Jones Industrial Average(.DJI.US$, which was the best performing index in U.S. in 2022, just released its Q1 2023 earnings. As someone who has followed the company for a few years, I would say this earnings call was probably one of the most direct and concise ones. Bob Iger laid out a plan to turn Disney around and it's a huge one. Let's dive in!
First...
Disney$Disney(DIS.US$ , one of the worst performers in Dow Jones$Dow Jones Industrial Average(.DJI.US$, which was the best performing index in U.S. in 2022, just released its Q1 2023 earnings. As someone who has followed the company for a few years, I would say this earnings call was probably one of the most direct and concise ones. Bob Iger laid out a plan to turn Disney around and it's a huge one. Let's dive in!
First...
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Disney Beat Earnings but...
Revenue +8% Y/Y to $23.5B($0.2B beat).
Non-GAAP EPS $0.99($0.20 beat).
Media not profitable:Can't imagine Disney produce so many good movies... but can't make a profit from them
Jobs & Budget cuts:- Firing 7,000 employees & slashing $5.5B in cost.
- Catch-22 here: they need to trim expenses. But at the same time, they can't grow if they are trimming.
Dividends:Reintroducing dividends when the business segments & cash flow are not stabilized yet seems puz...
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Disney Earnings - Strong Results with More Cost Cutting Measures
Disney (DIS)$Disney(DIS.US$ released their Q1’FY23 earnings and they managed to beat the EPS forecast by a huge margin of 25% (EPS of $0.99 versus estimated $0.79). They also managed to beat the revenue estimates by a small margin (Revenue of $23.51 bil vs $23.43 bil).
Bob Iger, CEO of Disney also announced a restructuring plan which includes laying off 7,000 employees and amassing $5.5 bil in cost savings, of which $3.0 bil wil...
Bob Iger, CEO of Disney also announced a restructuring plan which includes laying off 7,000 employees and amassing $5.5 bil in cost savings, of which $3.0 bil wil...
ColumnsIs Disney's Q1'23 Earnings Really That Great?
Entertainment giant$Disney(DIS.US$ released its much anticipated Q1'23 results. Share prices popped after the market results.
So are their latest results really that fantastic? What made investors so excited?
Clear emphasis on the way forward
Disney's strategy is clearly highlighted within the first few pages of its earnings presentation.
1. Reorganizing leadership structure: Disney was plagued by a management mutiny during Bob Chapek's era. Now with...
So are their latest results really that fantastic? What made investors so excited?
Clear emphasis on the way forward
Disney's strategy is clearly highlighted within the first few pages of its earnings presentation.
1. Reorganizing leadership structure: Disney was plagued by a management mutiny during Bob Chapek's era. Now with...
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Disney's rally is mostly centered around cost restructuring. We would fade this rally as it approaches 125/share
Disney$Disney(DIS.US$ recently released its quarterly earnings, which were generally positive. Despite a decline in the number of Disney+ subscribers, the direct-to-consumer business reported a narrower loss of $1.05 billion compared to the analyst estimate of $1.22 billion. The company's total earnings rose to $1.28 billion with an 8% increase in revenue to $23.51 billion.
To inc...
To inc...