Disney’s Tale of Three Unique Mice, From A Wall Street Lens


LAKE BUENA VISTA, FLA. — Since the fiscal third quarter of 2020, The Walt Disney Co. has been, in the view of MoffettNathanson Senior Analyst Michael Nathanson, “essentially a tale of three different mice.”

Say what? It’s a metaphor for three profit segments Nathanson has closely examined, following Thursday’s release by Disney of its fiscal Q1 results — a performance that beat EPS and revenue estimates as Disney+ subscriber numbers soared to 94.9 million.

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