Disney's Stock Is on Fire After It Passes Netflix in Total Subscriptions

By Parkev Tatevosian, CFA – Aug 22, 2022 at 1:02PM

NYSE: DIS

Walt Disney

Market Cap

$209B

Today's Change

(1.54%) $1.72

Current Price

$113.71

Price as of April 23, 2024, 4:00 p.m. ET

It might only be by a slight margin, but Disney is now the streaming industry's leader in total subscriptions.

The Walt Disney Company (DIS 1.54%) reported its fiscal 2022 third-quarter earnings on August 10. Impressively, The House of Mouse surpassed Netflix (NFLX 4.17%) in total subscriptions. Moreover, Disney's segment that includes its theme parks are thriving as consumers unleash pent-up demand for away-from-home experiences. In this video, I discuss Disney's Q3 figures and give the company a grade on its results.

Parkev Tatevosian has positions in Walt Disney and has the following options: long January 2024 $105 calls on Walt Disney. The Motley Fool has positions in and recommends Netflix and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.