No. of Recommendations: 5
"Margins are improving nicely."
Yes, I was glad to see that, too.
Thankfully, they seem to be doing much better across the board. Experiences had a great quarter and is expanding. Subscribers, revenues, and profits from Disney+ are improved and even ESPN showed an increase in revenue. Other content revenues showed similar gains, the Snow White fiasco notwithstanding. And as you note, profitability is up. Maybe all the segment chiefs vying to become CEO is having a salutory effect.
To me, this shows the brand is as strong as ever and the cost-cutting moves are (finally) paying off. And they are building new initiatives for the future. I saw they are doing another Disney-branded real estate project in NC to go with the one in CA, and of course they just announced a huge new theme park in Abu Dhabi which could eventually rival Euro Disney. I don't know how much if any of that future revenue is in their forecasts, but it bodes well.
Kudos to Iger. He has righted the ship and has it pointed in the right direction. All we need now is a new CEO to execute. Onward!
abromber
