Disney: all about the Parks
Walt Disney, a constituent of our Ultimate Stocks portfolio of high-quality companies, encouraged the market after announcing price rises for its streaming services, but for us the appeal of this entertainment giant remains primarily with its Parks business and their considerable cash flow attractions, as we highlight in our update here. We also consider whether Apple might be thinking about taking advantage of Disney's current lowly valuation to make an approach to acquire the entertainment giant. (Premium)
Walt Disney Co (US:DIS) reported mixed financial results for its recent quarter, but the market reacted positively to news that it is lifting prices for its streaming services.
While much of the market’s focus has been on its streaming activities, it’s Disney’s Parks business which continues to drive growth and holds the greatest appeal, as we highlight below.
Results
Group revenue in Disney’s third quarter ending 1 July rose 4% to $22.3. billion,…
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