Revenue, EPS, subscribers were better than expected
Disney has a pretty big problem. Burning 2B fcf a quarter, 35-45b net debt. Not sure where revenue growth is coming from here, there are finite limits on park revenue. Their 5B cost restructure doesn't take them to fcf positive.
- less production budget
- china reopening
Disney has a pretty big problem. Burning 2B fcf a quarter, 35-45b net debt. Not sure where revenue growth is coming from here, there are finite limits on park revenue. Their 5B cost restructure doesn't take them to fcf positive.
- less production budget
- china reopening