Why Did Disney's Latest Earnings Cause Shares to Plunge? | Pivot

ℹ️ EPISODE INFO

Released

May 11, 2024

Duration

7m

Channel

Pivot

Watch on YouTube

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📝 EPISODE DESCRIPTION

Kara Swisher and Scott Galloway discuss the implications of Disney's latest earnings, during a live Pivot recording at the Finance Forward Conference in Hamburg, Germany. Why exactly did Disney shares take a 10% plunge? And who will be Bob Iger's successor? #pivot #podcast #disney #bobiger

🎤 SPEAKERS

• Kara Swisher

  host

• Scott Galloway

  host

🧾 EPISODE SUMMARY

In this episode of Pivot, featuring Kara Swisher and Scott Galloway, Why Did Disney's Latest Earnings Cause Shares to Plunge? | Pivot explores Disney Stock Plunges Despite Streaming Turnaround, Activist Pressure Mounts Again The discussion examines why Disney’s stock dropped roughly 10–11% after an earnings report that showed streaming losses shrinking dramatically and nearing breakeven. While the market had been focused on Disney’s streaming turnaround, analysts instead reacted negatively to weaker guidance for the parks business as post-COVID travel demand normalizes. Kara Swisher and Scott Galloway argue that activist investor Nelson Peltz may re-emerge with more leverage if the stock stays depressed, likely forcing board-level changes and renewed succession planning. They also explore potential strategic moves for Disney, including shedding legacy TV assets, focusing on parks and streaming, and considering bold external CEO candidates.

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