Disney’s Business Still Under Pressure – Though Not Collapsing

July 30, 2009 at 12:53 pm  ·  Category: Macro Economics, Market Commentary, Stocks

Disney (DIS) after the close today reported a quarter that shows their business under pressure but not collapsing.  Overall revenue was down 7% from the year ago period including 2% at their media networks and 9% at parks and resorts.  Operating income was off 20% including 13% at media networks and 19% at parks and resorts.  This shows a tough environment for advertising spending and tourism at its theme parks and related hotels.

Shares are off a bit in the afterhours.


Disclosure: Top Gun has no position in Disney (DIS) shares.

Posted by Greg Feirman  ·  Trackback URL  ·  Link