DISNEY BREAKS NETFLIX

A report on Disney’s 2Q Earnings

Happy Thursday War & Peaceniks! Let’s go to Disneyland!!

Disney CEO Bob Chapek may suck at politics, but he’s good at money.

The top line results from The Walt Disney Company earnings yesterday:

• Beat revenue estimates

• Beat bottom line estimates

• Beat Streaming Estimates

• Passed Netflix In Total Subs

The House Of Mouse also unveiled an array of packaging and pricing changes around their Disney Streaming products, raising the price of Disney+ and Hulu without ads, while leaving their current price for Disney+ with ads - and a myriad of Disney Bundle pricing options for Disney+, Hulu, Hulu Live and ESPN+.

And, despite losing $1.1 BILLION on #streaming, their stock rose like a Mickey shaped balloon. Unlike Paramount and Warner Bros. Discovery, who both announced similarly sunny streaming numbers with similar economics. Why tho?

The answer lies in the chart.