Changes in US stocks | Facing challenges in the first fiscal quarter, Disney (DIS.US) fell more than 8%

The Zhitong Finance App learned that on Thursday, Disney (DIS.US) opened and fell more than 8%, the biggest intraday decline in seven months, at $107.68. According to news, thanks to the strong performance of the streaming media and theme park business, Disney's fourth fiscal quarter profit exceeded market expectations. However, the company's stock price declined as many major production films, including the new Avatar movie, will affect its performance in the first quarter of the new fiscal year.

According to the data, for the fourth quarter of fiscal year 2025 in September, Disney's adjusted earnings per share were 1.11 US dollars. Although this figure was down 3% from the same period last year, it was 6 cents higher than analysts' average expectations. Revenue was $22.5 billion, roughly the same as the same period last year, and slightly lower than analysts' expectations of $22.75 billion.

Disney indicated that the theatrical release of “Zootopia 2” and “Avatar: Fire and Ashes” would reduce revenue by $400 million. According to information, the new “Avatar” film is scheduled to be screened on December 19, and it will only contribute two weeks of box office revenue until the end of this quarter. Furthermore, the decline in revenue from political advertising will also have an impact on the television business.