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Is Disney Stock Still a Buy After Earnings?

The article from Kiplinger discusses the current state of Disney's stock following its recent earnings report. Disney reported a significant increase in revenue, up 8% to $22.3 billion, driven by growth in its theme parks and streaming services. However, the company's direct-to-consumer segment, which includes Disney+, reported an operating loss, although this was narrower than the previous year. Disney+ subscriber numbers grew, but at a slower pace than anticipated, with the service now focusing on profitability over sheer subscriber growth. The stock experienced a slight dip post-earnings due to concerns over the streaming service's profitability and a less optimistic outlook for future growth. Despite these challenges, analysts remain cautiously optimistic about Disney's long-term prospects, citing its strong brand, diversified business model, and strategic initiatives like cost-cutting and price increases for Disney+. The article suggests that while Disney stock might not be a 'buy' at its current valuation for all investors, those with a long-term investment horizon might still find value in Disney's potential for recovery and growth.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/is-disney-stock-still-a-buy-after-earnings ]