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Wall Street Lunch: Disney Climbs On Strong Parks, Streaming Gains
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Wall Street Lunch: Disney Climbs On Strong Parks, Streaming Gains

Seeking Alpha·Wall Street Breakfast·26 days ago
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#source#chevron#alpha#disney#growth#higher
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JHVEPhoto/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify Disney reports solid growth across all major segments . (0:15) Uber Q1 gross bookings jump 25% . (1:20) Oil swings sharply as prescient short trade draws scrutiny . (2:00) This is an abridged transcript of the podcast: Our top story so far, Disney ( DIS ) is rallying after posting solid growth across all major segments. Revenue rose 7% year over year, with gains in Experiences (+7%), Entertainment (+10%), and Sports (+1%). Entertainment growth included a 4% benefit from the Fubo transaction, along with higher subscription and affiliate fees and subscriber gains. Experiences was driven by stronger domestic park spending and higher cruise activity following the launch of the Disney Destiny. Sports benefited from higher effective rates and the NFL transaction, partially offset by continued linear TV subscriber declines.…

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