Disney’s recent success at the box office, including ‘Inside Out 2’, isn’t enough to stabilize investor confidence, especially amid concerns of weakening consumer spending.
While Disney reported better-than-expected earnings, with a 17% rise to $1.39 per share, management warns that weakening theme park traffic could impact future results.
The downgrading of Disney's stock by Raymond James highlights worries regarding a potential slowdown in revenue at theme parks, affecting overall investor sentiment.
Despite Disney+ turning a profit for the first time, the small operating profit of $47 million poses challenges against intense competition in the streaming space.
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