With Walt Disney Co (NYSE:DIS) reporting its third-quarter earnings, please find commentary below from Haris Anwar, senior analyst at Investing.com
Disney’s Earnings
“Disney seems to have found its sweet spot in a post-pandemic environment where its legacy businesses are rebounding strongly and its streaming service is doing much better than its rivals. This winning combination is reassuring investors that Disney is a good bargain after its stock weakened considerably over the current market rout.
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"The momentum in its streaming business is also showing that Disney is gaining market share at a time when Netflix Inc (NASDAQ:NFLX) is struggling to add more subscribers. The big reason for this is that Disney has still more room to grow in international markets where it’s rolling out its service fast and adding new customers.
"Disney’s results also show that inflationary pressures have so far failed to stop consumers from spending on entertainment and the pent-up demand on this front will continue to benefit the company, especially when the job market remains strong."
