Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Markets

Disney's third quarter fiscal report had good news and bad news (Kin Li/Unsplash)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Aug 29, 2023

Disney’s Stock Hits a Near-Decade-Long Low 

Disney’s stock valuations of the past week have represented its lowest low since October 2014. 

Key Details

  • Disney’s closing prices on Thursday, Monday, and Tuesday have dipped to $84 per share, well below its historic valuation peak of $189 per share in February 2021. 
  • Valuations crashed on Thursday afternoon as low at $82.46 per share. 
  • Its stock valuation is currently $84.32 per share, which is down 5.3% year-to-date and an 18% decline over the past six months. 
  • Disney is the 78th worst-performing stock on the S&P 500 in the past 10 years and has shrunk from the 31st most valuable company in 2015 to the 69th this year, Forbes notes. 

Why It’s Important 

The Disney Corporation is in the midst of a tremendous slump, following some of the worst stock returns in 48 years in 2022, and currently sitting as one of the worst performers on the S&P 500 list. 

Many factors have contributed to this outcome, from poor monetization of streaming services to a decline in traditional television advertising revenue, alleged claims of lower theme park attendance, multiple underperforming recent blockbusters, and a two-year-long legal feud and culture war battle with Florida Governor Ron DeSantis. 

Previous company CEO Bob Chapek was ousted from the organization in November as a result of the profitability issues, with former CEO Bob Iger returning to his former position—immediately implementing significant plans to restructure the company, sell off assets, and laid off 7,000 staff to get the company to a point of profitability. 

As we previously reported, the company’s third-quarter revenue report shows that Disney is halfway there. The business reported on August 10 that losses were narrowing from more than $1 billion per year to $500 million. The company also announced price hikes and password crackdowns against Disney+ subscribers. 

Disney has even begun looking for artificial intelligence (AI) solutions to reduce costs and is considering spinning off and selling parts of its legacy television division that are proving unprofitable, drawing ire in the process from members of the ongoing SAG and WGA picketers who are actively fighting against replacing actors and writers with AI. 

Notable Quote 

“Mickey is going on a diet and losing weight,” says Daiwa analyst Jonathan Kees. “[Disney could be a] survivor and winner in the streaming wars.” 

Home / News / Disney’s Stock Hits a Near-Decade-Long Low 
Share
FacebookTweetEmailLinkedIn

Related Stories

61% Of Americans Are Living Paycheck-To-Paycheck 

by Tyler Hummel Leaders Staff
Markets

Sep 8, 2023

Nearly two-thirds of Americans are feeling pinched by inflation. 

Key Details

  • LendingClub’s newest research shows that 61% of adults lived paycheck-to-paycheck in July 2023, increasing from 59% in July 2022. 
  • Even with inflation decreasing from 8.5% to 3.2% in 12 months, consumers still struggle to get by.  
  • A portion of this is attributed to irresponsible spending, with 21% of survey respondents saying nonessential spending is responsible for their financial issues. 
  • Low-income consumers—making less than $50,000 per year—were among the hardest hit by tightening wallets, Fortune reports. 
  • Bankrate’s Annual Emergency Fund Report earlier this year found that 57% of Americans cannot afford a $1,000 emergency. 

Go deeper

FacebookTweetEmailLinkedIn

Google Cracks Down On A.I. Election Ads

by Tyler Hummel Leaders Staff
Tech

Sep 7, 2023

Political campaigns using artificial intelligence (AI) generated content must disclose this information in Google and YouTube content. 

Key Details

  • Google has revealed a new disclosure policy that will force election advertisers to label AI content distinctly from real content. 
  • As of mid-November, generative AI content must receive a label to make it clearly identifiable to avoid spreading election misinformation. 
  • Google’s digital ad business joins companies like Meta Platform’s Facebook and Instagram in cracking down on deep fakes and spreading misinformation. 

Go deeper

FacebookTweetEmailLinkedIn

Vivek Ramaswamy’s Anti-ESG Firm Is Worth $1 Billion 

by Tyler Hummel Leaders Staff
Environment

Sep 7, 2023

The third most popular GOP presidential candidate has built his name fighting “wokeness”—and that reputation is paying off for his asset management company. 

Key Details

  • Ohio-based Strive Asset Management is an anti-activism fund company that promises investors higher-quality returns and investments.  
  • It was partly founded by Peter Thiel and Bill Ackman to rival investors at environmental, social, and governance (ESG)-friendly firms. 
  • On Tuesday, the firm announced that its accumulated assets now exceed $1 billion, slightly more than a year after it launched in 2022. 
  • The company is also currently facing lawsuits from two former employees arguing that it mistreats staff and engages in securities violations.

Go deeper

FacebookTweetEmailLinkedIn
Investing

Sep 7, 2023

Bill Gates Makes a $96.6 Million Bud Light Bet

by Tyler Hummel Leaders Staff
Cryptocurrency

Sep 6, 2023

Cathie Wood Bets Bullish On Big Tech 

by Tyler Hummel Leaders Staff
Some U.S. companies are finding it easier to hire help, after a rough few years
Hiring

Sep 6, 2023

Promotions Can Increase the Number Of Employees Quitting 

by Tyler Hummel Leaders Staff

Recent Articles

Leadership

Sep 14, 2023

Maladaptive Daydreaming Signs + 4 Ways to Manage Them

Maladaptive daydreaming involves daydreams that interfere with daily functioning

Hiring

Sep 13, 2023

40 Smart Questions to Ask at the End of an Interview to Get Hired

Impress hiring managers with these thoughtful questions

Business

Sep 12, 2023

S Corp vs. C Corp: 7 Factors to Consider When Choosing a Corporate Structure

Entrepreneurs face a pivotal decision when starting a business: the C corp or the S corp

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com