Shares of Walt Disney (NYSE: DIS) are down sharply this week after disappointing fiscal fourth-quarter financial results were reported on Thursday, Nov. 13. While the entertainment and theme park giant beat earnings estimates with adjusted earnings of $1.11 a share, profits from its linear TV segment fell 21% and overall revenues were slightly below analyst projections.
Disney’s ongoing carriage dispute with YouTube TV, which began on Oct. 31, has also contributed to the stock price drop. The company is estimated to be losing about $30 million a week due to the standoff, and negotiations with YouTube could last a while. This, coupled with declining entertainment revenues, led to an 8% drop in the share price.
On a positive note, Disney has promised share repurchases of $7 billion in 2026 and declared a cash dividend of $1.50, 50% higher than the previous year. The company also expects double-digit year-over-year EPS growth in fiscal 2026 and 2027. If these promises are fulfilled, shareholders could benefit from a higher share price.
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Read more at Nasdaq: What’s Sending Shares of Disney Lower This Week?
