Fast Money Blog- 2/11/22

On Wednesday, February 9th, The Walt Disney Company (DIS) reported Q1 2022 earnings.

Total top-line revenue came in at $21.8 billion, up 24% year-over-year.

Here’s how it broke down:

The Disney Parks, Experiences and Products revenue for the quarter increased to $7.2 billion, a growth of more than 100% year-over-year.

In the Direct to Consumer segment (which includes Hulu, ESPN and Disney+), revenue for the quarter grew 34% year-over-year to $4.7 billion. The company reported that their Disney+ streaming service added 11.8 million new subscribers for a total of 129.8 million, up 37% from the prior year.

Disney stock is up 50% over a five year period, but until the dividend is restored I think Disney makes a better covered call trade instead of a hold.

So far it's been a great Q4 earnings period.

Tyrone Jackson

The Wealthy Investor