Walt Disney drops following Netflix

24 january 2022 108
Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
1st in the segment "US stocks"
Load the latest quotes
Full screen

In 2021 Walt Disney was among the Dow's worst performers. Due to the pandemic restrictions the company failed to boost revenues from movie theaters and theme parks.

Published on 10 November Q4 2021 earnings report didn't meet shareholders expectations and the stock price dropped by 7% a day.

Moreover, after Netflix reported lower than expected growth rate of subscribers and increasing competition among streaming services for new users, Walt Disney lost 3% more in price. The fast-growing Disney+ streaming service is one of Netflix's biggest competitors. Disney's net subscriber additions have also fallen short of analysts' estimates in recent quarters, so investors are concerned that these trends point to an industrywide growth slowdown.

Walt Disney stock price probably will keep falling in the short-term.

Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
1st in the segment "US stocks"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!