The Walt Disney Company (DIS) will announce its Q4 financial result after the closing bell on November 10. Needham’s Laura Martin expects lower Q4 sub adds (subscriber additions) to take a toll on its share price. I maintain a Neutral outlook on Disney stock.  After a detailed discussion with Disney’s management, Martin remains worried about the company’s Q4 setup.  In a note to investors, Martin stated, “We believe DTC (direct-to-consumer) sub adds for FY4Q21 are likely to disappoint owing to Hotstar India softness and disconnects (because in India credit cards do NOT autorenew from last years FY4Q21 launch) and the new Cricket season doesn’t start until calendar 2Q22.
https://www.tipranks.com/news/article/disney-lower-sub-adds-to-hurt-q4?utm_source=advfn.com&utm_medium=referral
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Walt Disney Charts.
Walt Disney (NYSE:DIS)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Walt Disney Charts.