观象咨询
05-13
基于这份财报分析,已经建仓
$迪士尼(DIS)$
,让我们拭目以待迪士尼接下来的走势
@观象咨询:
DIS Q2:流媒体+88%,但藏着三个隐忧
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
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EPS $1.57,超预期4.7%</p>\n<p>- 流媒体运营利润 $5.82亿(+88%),利润率首次突破10%</p>\n<p>- 乐园 $95亿(+7%),OI $26.2亿(+5%),Q2纪录</p>\n<p>- ESPN $46.1亿(+6%),OI $6.52亿(-5%)</p>\n<p>- FY26 EPS指引 +12%,回购 $80亿</p>\n<p>✅ 亮点</p>\n<p>- 流媒体从亏损大户变利润贡献者,10.6%利润率是里程碑</p>\n<p>- 乐园人均消费持续提升,邮轮业务扩张</p>\n<p>- 新CEO D'Amaro首份答卷稳健,市场给+7%认可</p>\n<p>⚠️ 三个隐忧</p>\n<p>1. 停止披露D+用户数 → 用户增长可能已见顶</p>\n<p>2. 美国乐园客流 -1% → 消费降级早期信号</p>\n<p>3. 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