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Disney’s Stock Plummets As Market Grapples
With Earnings Report

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Posted By: Beardo, 5/7/2024 12:03:59 PM

Entertainment giant Disney’s stock price dropped rapidly Tuesday morning following an earnings report that cast doubt on the future of the company. Disney’s stock was down more than 9% for the day Tuesday morning after releasing its second quarter earnings that reported revenue growth but contained lower guidance than investors had expected, according to Forbes. Disney’s income before taxes totaled $657 million in the second quarter ending March 30, 69% less than the over $2.1 billion that was reported during this same time last year despite increasing revenues by 1% to over $22 billion, according to the company’s earnings report released

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Reply 1 - Posted by: Noj15 5/7/2024 12:07:12 PM (No. 1713699)
Never again! Disney is dead to me. Disney and everything they own is dead to me. Everything. Dead to me.
38 people like this.

Reply 2 - Posted by: DVC 5/7/2024 12:34:29 PM (No. 1713721)
I keep hoping that they'll go into bankruptcy and some sane person will buy them out, fire all the perverts, leftists and other crazies and bring back normalcy to Disney. Probably never happen.
33 people like this.

Reply 3 - Posted by: Venturer 5/7/2024 12:51:55 PM (No. 1713734)
They have been raping tourists financially for years.
23 people like this.

Reply 4 - Posted by: chagrined 5/7/2024 1:40:20 PM (No. 1713757)
Yeah # 3, probably kids too.
11 people like this.

Reply 5 - Posted by: enemyofthestate 5/7/2024 2:05:12 PM (No. 1713784)
I have boycotted everything Disney for years. Death to Disney!
10 people like this.

Reply 6 - Posted by: Schnapps 5/7/2024 2:09:51 PM (No. 1713787)
I don't know why, but "It's a Small World after all" plays over and over in my as I read this article.
9 people like this.

Reply 7 - Posted by: WV.Hillbilly 5/7/2024 2:53:36 PM (No. 1713820)
Disney released four of last year’s five biggest movie flops and lost $628 million.
10 people like this.

Reply 8 - Posted by: chumley 5/7/2024 3:42:51 PM (No. 1713850)
As Dad used to say, "How do you get out of this Mickey Mouse outfit?"
6 people like this.

Reply 9 - Posted by: Omen55 5/7/2024 3:51:14 PM (No. 1713856)
I just want 2C Disney burn!
4 people like this.

Reply 10 - Posted by: DVC 5/7/2024 3:55:38 PM (No. 1713860)
Re #6, when I was just out of college, friends and family went to Disney World in Fla. We were riding the ride where "It's a Small, Small World" is one of the theme songs. You are in a car (teacup?) and it spins one way then the other as you go thru darkness and pop into different rooms with different animated characgers lighted against a flat black background, and these animated characters sing songs and dance. OK, fine..... Until we go thru one door and as it slams behind us....the car stops cold. The loud animated, brightly lit creatures are jumping and dancing in front of you, singing VERY loudly "It's a Small, Small World". Now normally, you are in this room for may be 15 seconds as your car follows the track. But, somehow the car stopped moving, and yet the dancing singing creatures continue to "entertain". After about a minute, it is getting tiresome. After about 3 minutes you REALLY want out of there, and your head is starting to ring from the LOUD singing of "It's a Small, Small World" ENDLESSLY. After about 10 minutes, by the watch, a worker in coveralls comes walking thru the building, opens the doors you just went through and shouts that "we are working on it"....and head off into the darkness to the next car (giant fiberglass teacup, IIRC). And yet, the singing continues at full LOUD volume. Did I mention that it was VERY LOUD? And we were getting crazy? After about 15 minutes since it stopped, the guy in coveralls comes back and says, "Get ready for the ride to restart, don't get out or hang your arms out" When queried he adds "Some kid dropped a baseball cap on the track, jammed the drive system." Once we got off of that "fun ride" we all vowed to NEVER go on that ride again, no matter what. So....when #6 mentioned the song "It's a Small, Small World".....THAT's what I flashed back to, not quite a PTSD moment, but not fun. That was about 1976 or so. Still a bad memory.
4 people like this.

Reply 11 - Posted by: DVC 5/7/2024 4:02:00 PM (No. 1713863)
I went out to look at what is on the web now about "It's a Small World" ride at Disney World. It's totally changed, now a much larger boat running in water. Maybe to keep hats from jamming the works. And no doors opening and closing, just tight turns to "divide" the ride segments. Well....it's been almost 50 years, so I guess some changes are in order.
2 people like this.

Reply 12 - Posted by: JimBob 5/7/2024 4:57:42 PM (No. 1713884)
“I was just, wherever I could, adding queerness,” Raveneau added. “No one would stop me, and no one was trying to stop me.” — executive producer for Disney Television Animation Latoya Raveneau
3 people like this.

Reply 13 - Posted by: Dodge Boy 5/7/2024 8:52:56 PM (No. 1713948)
Yep. Go woke, go broke.
2 people like this.

Reply 14 - Posted by: mifla 5/8/2024 4:29:45 AM (No. 1714054)
I didn't realize that their stock price was high enough to "plummet".
2 people like this.

Reply 15 - Posted by: MickTurn 5/8/2024 12:37:37 PM (No. 1714334)
And it's been reported that Mickey Mouse & Goofy are on Suicide Watch!
0 people like this.

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