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ubs maintains buy rating for disney stock with positive growth outlook
UBS has reaffirmed its Buy rating and $120 price target for Walt Disney, anticipating a 2% revenue increase to $24 billion and a 10% growth in EPS for the first fiscal quarter. The firm expects profitability gains in the Direct-to-Consumer segment and robust advertising revenue from Sports, despite challenges from the sale of Disney's India assets. Additionally, Disney's strategic reshuffle and merger with FuboTV are set to enhance its growth potential, with analysts projecting continued EPS growth in the coming years.
investors watch as toyota explores space and disney merges streaming services
Toyota is investing 7 billion yen ($44.4 million) in Interstellar Technologies, exploring rocket development as part of its vision for future mobility. Disney plans to merge Hulu + Live TV with Fubo, creating a combined service with 6.2 million subscribers, while Canadian Prime Minister Justin Trudeau announces his intention to step down as Liberal Party leader but will remain in office until a successor is chosen. Former NFL quarterback Eli Manning expresses interest in acquiring a minority stake in the New York Giants, the team he played for over 16 years.
espn navigates challenges with new streaming service amid declining cable subscriptions
ESPN is navigating a challenging landscape as traditional pay-TV subscriptions decline, impacting its revenue model. Chairman Jimmy Pitaro acknowledges the need for adaptation, emphasizing the launch of a comprehensive streaming service, "Flagship," by 2025 to offset losses from cable. Despite solid quarterly earnings, the company faces high stakes with escalating sports rights costs, betting on its investments to drive future growth.
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