How Disney and FUBO stocks have fared this year?

February 01, 2023 03:21 AM PST | By Team Kalkine Media
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  • Walt Disney Company posted Q4 2022 revenue of US$ 20,150 million.
  • FuboTV Inc. reported cash and cash equivalents of US$ 307.4 million in Q3 2022.
  • Disney’s diluted EPS from continuing operations in Q4 2022 grew to US$ 1.75. 

The last year was a tumultuous year for the US stock market. Every sector, including the otherwise popular, like technology and retail, was battered. So, the entertainment industry also had to go through a similar predicament in the equity market.

The slowing global economy, the Russia-Ukraine war, supply chain woes, high inflation, and the Fed Reserve’s aggressive monetary policies to curb it, affected the stock market adversely.

in 2023, the stock markets have experienced mixed sentiments and in this article, we will be looking at two US entertainment stocks, and see how they have dealt with the market conditions:

Walt Disney Company (NYSE: DIS)

Popularly known as Disney, Walt Disney Company is a US multinational, mass media and entertainment conglomerate based in Burbank, California. The EPS of the entertainment company is 1.72, and its price-to-book (P/B) ratio is 2.109.

The revenue of Walt Disney in the last quarter of 2022 was reported at US$ 20,150 million, up nine per cent, compared to US$ 18,534 million in the same quarter in 2021. The net income from continuing operations in Q4 2022 was US$ 162 million versus US$ 160 million in Q4 2021.

The diluted EPS from continuing operations of Disney in Q4 2022 grew to US$ 1.75 compared to US$ 1.11 in the same quarter a year earlier. The DIS stock had surged 21.9 per cent YTD at the time of writing.

Walt Disney Company Q4 revenue, net incomeSource: ©2023 Krish Capital Pty. Ltd; © Canva Creative Studio via

FuboTV Inc. (NYSE: FUBO)

FuboTV Inc. is a US streaming company primarily into sports, providing its burgeoning customers live access to a slew of sporting events from around the world.

The streaming company said that its Q3FY2022 performance resulted in double-digit year-over-year growth in North America.

In the third quarter of 2022, FuboTV posted US$ 219.2 million in revenue for North America, which was a growth of 40 per cent year-over-year. The ad revenue in the same quarter was US$ 22.5 million, a surge of 21 per cent YoY.

The number of paid subscribers in North America swelled to 1,231,000, an increase of 31 per cent YoY and a record for the company.

Meanwhile, the company registered US$ 307.4 million in cash and cash equivalents in Q3 2022. The FUBO stock grew 45.2 per cent YTD.

Bottom line

Investing in a bearish market can be tricky for retail investors. There are high chances of losing money with the slightest of mistakes. So, be vigilant and take any decision only after analyzing any stock completely. 


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