The Walt Disney Stock Price Is Stable After Substantial Revenue Growth

Disney’s Streaming Service Isn’t Coming to Popular Streaming Devices

The Walt Disney (NYSE: DIS) stock price remains stable after positing high double-digit growth in revenues. Its earnings declined sharply from the previous period due to restructuring costs and investments in growth opportunities.

Fortunately, investors are particularly focusing on Disney’s growth prospects instead of earnings.

The Walt Disney stock price is currently trading around $132, down from a 52-weeks high of $147 a share. Analysts believe strong revenue growth along with the potential launch of Disney streaming service is likely to drive the share price higher in the coming days.

DIS The Walt Disney Company daily Stock Chart

High Double-Digit Revenue Growth Supports Bullish Trend

The company has generated significant year over year growth across all business segments. Its consolidated revenue grew 34% year over year in the third quarter. In addition, its key business segments are showing strong momentum.

Media Networks, which is the largest revenue-generating segment, rose 22% year over year to $6.51B. The revenue from Parks, Experiences and Products segment jumped 6% Y/Y to $6.66B while the Studio Entertainment segment increased 52% to $3.31B. Moreover, its Direct-to-Consumer and International revenue enlarged 316% to $3.43B.

Robert A. Iger, Chairman, and Chief Executive Officer says “We’ve spent the last few years completely transforming The Walt Disney Company to focus the resources and immense creativity across the entire company on delivering an extraordinary direct-to-consumer experience, and we’re excited for the launch of Disney+ on November 12.”

Future Fundamentals Are Strengthening The Walt Disney Stock Price Upside

The company claims that they are well set to extend the revenue acceleration trend in the following quarters. They have been investing significantly in growth opportunities to expand the revenue base. The upcoming launch of Disney+ could bring additional revenue for the company.

It has also announced a distribution deal with Amazon. The deal will permit it to carry its content on Fire TV along with LG Electronics and Samsung. The successful completion of a $71 billion 21st Century Fox acquisition indicates that Disney is aggressively exploring growth opportunities. Overall, The Walt Disney stock price is receiving support from several catalysts.

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    Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.


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