Bireme Capital – Disney: Experiences Segment Alone Justifies Current EV, Get Rest Of Business At Steep Discount


  • Disney has faced challenges in recent years, including declining operating income and underperformance in its linear networks and streaming services.
  • Despite these challenges, Disney’s Experiences segment, which includes parks and resorts, continues to show strong growth potential and profitability.
  • Disney is focusing on profitability in its streaming services, with plans to bundle its DTC offerings and improve margins, leading to anticipated strong earnings growth in the future.

New York

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The following segment was excerpted from this fund letter.

The Walt Disney Company (NYSE:DIS)

Over the past decade, we have followed Disney with interest. It is a competitor to numerous stocks we’ve owned, including 21st Century Fox (which

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