Why Did Disney's Latest Earnings Cause Shares to Plunge? | Pivot
Episode Description
Kara Swisher and Scott Galloway discuss the implications of Disney's latest earnings, during a live Pivot recording at the Finance Forward Conference in Hamburg, Germany. Why exactly did Disney shares take a 10% plunge? And who will be Bob Iger's successor?
Brief Summary
Disney's earnings report reveals streaming progress but parks concerns lead to stock decline.
Key points
- Disney's Streaming Losses. Disney's streaming business is moving towards profitability but still facing significant losses.
- Stock Market Reaction. Disney's stock dropped 10% after disappointing earnings, surprising analysts and investors alike.
- Activist Investor Pressure. An activist investor is pushing for changes at Disney, raising stakes for Bob Iger.
Ask about Pivot with Kara Swisher and Scott Galloway
Episode highlights
- Stock Market ReactionDisney's stock dropped 10% after disappointing earnings, surprising analysts and investors alike.“It lost 10% of its value in one trading day.”1:40May 11, 2024
- Activist Investor PressureAn activist investor is pushing for changes at Disney, raising stakes for Bob Iger.“If the stock goes sub 100, Nelson's back.”2:36May 11, 2024
