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Business
Anushka Dutta

Walt Disney (DIS) 2024 Analysis: Buy, Hold or Sell?

DIS Disney The Walt Disney Company

Entertainment media giant The Walt Disney Company (DIS) topped profit expectations in the last reported quarter, as its ESPN+ and theme parks businesses picked up pace. However, pressured ad revenues led to its topline figure missing expectations.

For the fourth quarter of fiscal 2023 (ended September 30), DIS’ revenues came in at $21.24 billion, compared to the expected $21.33 billion. Its adjusted EPS came in at $0.82, topping the expected $0.70. Its total core Disney+ subscriber count stood at 112.6 million, adding approximately 7 million core subscribers from the previous quarter.

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