Disney (DIS (i)) impresses with streaming profits and expansion plans in Abu Dhabi!
The solid growth in the streaming segment proves that Disney has finally achieved a digital breakthrough.
With the low-risk expansion model in Abu Dhabi, Disney is tapping into new markets in the Middle East without burdening its own balance sheet.
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I am now positively convinced that Disney (i) is finally turning the tide in the streaming business while simultaneously pushing forward its international expansion. The recent surge in stock prices following the quarterly report is completely justified, as the entertainment giant is demonstrating exactly the strengths I had hoped for. In particular, the sharp increase in operating profit in the streaming sector convinces me that the strategy of raising prices is working. This positions Disney perfectly to compensate for its struggling TV business...
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