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Disney finally saw a profit in streaming, so why did its stock fall 10%?
Disney finally saw a profit in streaming, so why did its stock fall 10%? One answer could be theme park jitters. The "evidence of a global moderation from peak post-Covid travel" has raised concerns for Disney, despite the approval of DisneylandForward, robust Halfway to Halloween announcements, and new research showing travel spending in California reaching an all-time high of $150.4 billion in 2023. This week, we dig into all the numbers to determine whether the concern is warranted.
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