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Disney Drops 3.77% as Earnings Miss Expectations

Mover TrackerMonday, May 5, 2025 9:23 am ET

1min read

On May 5, 2025, The Walt Disney's stock dropped by 3.77% in pre-market trading.

Disney's stock price has been influenced by several recent developments. The company's third-quarter earnings report for 2024 showed a 26.69% increase in revenue to 9.75 billion, but a 10.38% decrease in net profit to 96.27 million. This financial performance, coupled with strategic partnerships and expansions, has had a notable impact on investor sentiment.

Disney has signed an authorization agreement with Halsey and a memorandum of understanding with the Shanghai disney Resort. These moves are part of the company's broader strategy to expand its presence in the Chinese market and enhance its brand value. However, the recent stock price decline suggests that investors may be reassessing the company's growth prospects and financial health.

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