DISNEY GOES BONKERS
Okay, this is going to be short (probably only a couple hundred words) and riddled with grammatical errors because I need to study for a test. I am skipping studying to write this because of how much I LOVE DISNEY.
I WAS SCREAMING FROM THE ROOFTOPS TO BUY. Go through the article’s posted history. All I have been saying is that Bob Iger is going to turn this puppy around, and every earnings call seems to confirm my hunch. In my opinion, this was the best earnings call yet. There was so much good news and so much more to come. Here are the biggest points, because I really have to go study.
First, Disney lost subscribers but made money. Disney lost some subscribers, but the overall streaming service lost about $800 million fewer dollars because of price increases. On top of that, Disney is forecasting growth in subscribers for the next quarter. I trust this projection because Disney rarely projects into the future, especially this short term. Disney+ lost a lot less money and will soon be in the black. Wall Street was expecting a loss of $450 million: it was $130 million. If you are saying, “Henry, they lost $100 million, that is bad,” you would be wrong and should perhaps give your money to someone else to invest. Disney+ lost a cool billy last year; now they are losing a tenth of that. More ad revenue, more money, means more money for shareholders.
Nelson Peltz is done. No more Nelly. Sorry buddy, you are done. Take your 90-year-old butt back to your golf course. It is Bob Iger’s town. I am so glad I do not have to deal with you anymore. Bye-bye, chump. He has no shot of taking board seats when the company is doing well. He had no chance before this, but now I do not have to be assaulted by his name anytime I look at the stock.
ESPN was profitable this quarter. ESPN swung from a loss to a slight gain and is signing talent again. They went after Nick Saban and got him, which is a big deal. Oh, and they are starting that new, all-in-one sports streaming service, in which they will have 1/3 voting rights, and profits that are proportional to their output, which will be massive. For those out of the loop, Fox, Warner Bros, and Disney all bundled their sports together in a new streaming service set to come out in 2024 or 2025. Combine that sports with Disney’s gambling, and I am PUMPED. And yes, I know I was hating on gambling before, actually in my previous couple of articles, but I have no problem with this sports gambling. Here, Disney is not locked into spending millions and millions on advertising.
Never bet against the Mouse. Now, I must go study.
