THB #154: Disney Day

So Wall Street is giving Disney a pass.

Disney has already eaten a lot of stock market excrement since The Big Netflix Bang™ on April 19, dropping from $131.9 to this afternoon’s pre-release $105.2 close. There really was no clear reason for this 20% drop, aside from investor panic.

I’m not a fan of most charts from most companies, so I redress them a little… but this is all still directly from the Disney charts from this quarter and last.

Focus of this chart is on the content side of the business, not Disney Parks, Experiences and Products. The middle column of figures is this quarter, just announced today (May 1).

So you can see… Linear Networks (good ol’ TV and cable) revenues are down this Quarter, but up from last year. But operating income is way up. Not quite as good as Q2 last year, but a significantly better net over the last quarter (Q1 2022).

Streaming (aka Direct-to-Consumer) is showing its highest revenue ever… but it’s biggest loss in a quarter ever too. Disney says, “L…