Disney – Not A Fairytale Ending

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Walt Disney Co (NYSE:DIS)’s revenue rose 26% in the final quarter to $18.5bn, with growth across both divisions, especially Disney Parks, Experiences and Products. For the year as a whole, revenue’s up 3% as theme parks were affected by Covid-19 closures. Quarterly operating profit more than doubled to $1.6bn. Q3 2021 hedge fund letters, conferences and more A Look At Disney’s EarningsOverall, the Media & Entertainment Distribution business saw revenues rise 9% to $13.1bn. The return of live sporting events helped boost advertising revenue, but this was more than offset by increased sports pro…

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