The cuts come as rivals are also focusing on profitability.
Disney's (DIS 1.54%) cost-cutting plan included lower content budgets. The moves can work to boost profitability. Fool.com contributor and finance professor Parkev Tatevosian discusses why that could be great news for Disney stock investors.
*Stock prices used were the afternoon prices of May 24, 2023. The video was published on May 26, 2023.
Parkev Tatevosian, CFA 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 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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