- The Walt Disney Co's DIS kingdom got a bit more magical this week, with quarterly results that impressed investors on the two most important fronts: streaming and theme parks, Barron's reports.
- Growth in both areas suggests Disney is finding a way to transform itself without losing its century-old identity, the author notes.
- To get the stock back to its March 2021 peak of $200, Disney has to show it can repeat the success on both its short- and long-term objectives.
- Related Content: Disney Q1 Earnings Highlights: Parks Segment Up 100%, Disney+ Hits 129.8M Subscribers, ARPU Increases
- Bob Chapek Says These Key Decisions Contributed To The Success Of Disney+ This Year
- The objectives include post-pandemic theme parks rebound that boosts earnings today, alongside streaming-subscriber growth that offers recurring profits in the future.
- For now, though, the force has very much awakened, Jasinski adds.
- Price Action: DIS shares traded lower by 1.26% at $147.58 in the premarket on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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