• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Disney’s Stock Plummets As Market Grapples With Earnings Report
Business

Disney’s Stock Plummets As Market Grapples With Earnings Report

May 7, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Annual Allen and Co. Sun Valley media conference in Sun Valley
Share
Facebook Twitter LinkedIn Pinterest Email

Entertainment giant Disney’s stock price dropped rapidly Tuesday morning following an earnings report that cast doubt on the future of the company.

Disney’s stock was down more than 9% for the day Tuesday morning after releasing its second quarter earnings that reported revenue growth but contained lower guidance than investors had expected, according to Forbes. Disney’s income before taxes totaled $657 million in the second quarter ending March 30, 69% less than the over $2.1 billion that was reported during this same time last year despite increasing revenues by 1% to over $22 billion, according to the company’s earnings report released Tuesday. (RELATED: Red State Taxpayers Are At Risk Of Being Latest Victims Of Electric Vehicle Gambles)

Despite drops in income, other metrics remained largely positive, including a 13% increase in cash provided by operations to around $3.7 billion and free cash flow rising by 21% to $2.4 billion in the quarter year-over-year, according to the report.

The company has faced broad criticism for promoting left-wing causes under the helm of current CEO Bob Iger, which was a major issue in a closely watched shareholder vote in April, where Nelson Peltz, who criticized Disney for using “woke” casting practices and for putting politics ahead of business, failed to secure enough votes to gain access to the board.

Disney acknowledged in November that its support of left-wing causes could hamper profits for shareholders when the company listed on its 10-K financial statement that its social activism was a “risk factor” for future performance.

Disney $DIS is now down 7.5% in pre market trading following its earnings pic.twitter.com/0RcsJ9xvXB

— Evan (@StockMKTNewz) May 7, 2024

All-time political giving by top Disney leadership has been dominated by donations to Democrats, with executives shelling out $2.8 million to Democrats compared to just over $900,000 to Republicans.

See also  US Economy Contracts In First Quarter Of 2025

“As we build for the future, the steps we are taking today lend themselves to solidifying Disney’s place as the preeminent creator of global content,” Iger said in the report. “Looking at the renewed strength of all of our businesses this quarter — from Sports, to Entertainment, to Experiences — we believe the stage is now set for significant growth and success, including ample opportunity to increase shareholder returns as our earnings and free cash flow continue to grow.”

Disney announced its opposition to Florida Gov. Ron DeSantis’ Parental Rights in Education Bill in March 2022, dubbed by opponents as the “Don’t Say Gay” bill. Following the announcement, DeSantis moved to eliminate Disney’s control over its own special self-governing district in the state, launching a years-long legal battle that concluded in March with the company dropping its lawsuit to stop the revocation.

The entertainment giant faced backlash in 2023 over its inclusion of LGBT characters and left-wing narratives in its new movies, like “The Marvels,” which debuted in November 2023 and had poor reception and box office performance.

Disney did not immediately respond to a request to comment from the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Disneys Earnings Grapples market Plummets Report stock
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bank of England ends run of 14 straight interest rate hikes

September 21, 2023

Governors On Border Security: ‘Americans Will Not Tolerate It Anymore’

August 22, 2023

Lolita The Orca Dies At Miami Seaquarium After Half-Century In Captivity

August 19, 2023

Gun injuries surged in U.S. during pandemic, CDC says

March 30, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Liberals are melting down over CNN airing town hall with Trump: ‘CNN doesn’t give a f*** about preserving democracy’

May 11, 2023

PCA Skin Pro-Max Age Renewal Firms and Lifts Skin

July 3, 2023

These 2 ‘Strong Buy’ Stocks Are Too Cheap to Ignore

August 11, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.