DIS Walt Disney Co

The Walt Disney Company (DIS) announced its financial results for fiscal Q3 2022 last Wednesday, reporting that both sales and (pro forma) profits topped analyst expectations, coming in at $1.09 per share and $21.5 billion respectively. Disney+ subscribers grew 31% year over year to 152.1 million, and ESPN+ subscribers grew even faster -- up 53% to 22.8 million. Even Hulu grew its subscriber count for Disney, albeit at a more leisurely 8% rate -- 46.2 million subscribers. And going forward, Disney projected that its subscriber growth will actually accelerate in the year's final fiscal quarter. In a note responding to earnings, Morgan Stanley analyst Benjamin Swinburne reiterated his Overweight (i.e.
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