Disney Post Earnings Analysis


Chart done on daily timeframe. Disney shares are rocketing higher this morning after the company reported its quarterly earnings. Although Disney missed on revenue, shares are likely pushing due to their announcement to raise prices on their streaming platform Disney+ and Hulu. Disney got into the streaming business during a tough time for their parks when Covid forced closures and revenue was hit hard, but they’ve taken many measures to restore their revenue and reduce costs. Disney’s fundamentals are solid and now that streaming prices are going up, they may finally see their streaming investment paying off. All in all impressive earnings, but still no sign of a dividend again.