Walt Disney Ord Share Price (0QZO)

10% down to $105 on today's RNS.

Disney (DIS) said Tuesday an important part of its streaming business turned a profit for the first time but that it expects weaker results in that segment for the current quarter, sending its stock down nearly 10% in early trading.

The forecast highlights Disney's challenges in achieving sustained profitability in streaming, a key priority as its linear TV business declines. Overall, CEO Bob Iger's recent turnaround plan has made investors more bullish on the stock in recent months. The company is also fresh off a win in a high-profile proxy fight against activist investor Nelson Peltz.

In Disney's fiscal second quarter, the direct-to-consumer (DTC) portion of its entertainment segment, which includes Disney+ and Hulu, posted operating income of $47 million, compared to a loss of $587 million in the prior-year period.

The company said it expects DTC results in the entertainment segment to be in the red in the third quarter, driven by losses from its Indian brand Disney+ Hotstar.

Additionally, not all of Disney's streaming services were profitable in Q2. Including ESPN+, total direct-to-consumer losses amounted to $18 million versus the $659 million loss reported in the year-earlier period. Disney expects full streaming profitability by the fourth quarter of this year.

Hi,

just posted analysis of Disney stock on my youtube channel for anyone interested;

https://youtu.be/uJQTPYtH_1Y

And again tonight @ $112.5..7.39pm must of been on route to leisure center

Another buy $116.5 @ 5pm , went a little lower after .

Another buy 119p 5pm