The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, Hulu, and Star+; sports-related entertainment services through ESPN, ESPN on ABC, ESPN+ DTC, and Star; sale/licensing of film and episodic content to third-party television and VOD services; theatrical, home entertainment, and music distribution services; DVD and Blu-ray discs, electronic home video licenses, and VOD rental services; staging and licensing of live entertainment events; and post-production services. In addition, the company operates theme parks and resorts comprising Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii. It also licenses its intellectual property to a third party for operations of the Tokyo Disney Resort; licenses trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The company was founded in 1923 and is based in Burbank, California.

Walt Disney Company (The)

Key Points
Disney is navigating the transition to streaming and uncertainty in the movie theater business.
The company's content is valuable, and its experiences business is unmatched.
Entertainment juggernaut Walt Disney (NYSE: DIS) is navigating a transformational period in the media industry. The company's linear TV business, once a cash cow, is in decline as streaming services become king. Disney's own streaming business is doing well, but the company faces a slew of competition. Disney continues to dominate the box office, with multiple potential blockbusters slated for release in 2026. However, the future of the movie theater business is uncertain.
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While Disney is certainly facing challenges, there are multiple reasons to consider buying the stock if you have $1,000 to spare.
In the end, it's all about content
Warner Bros. Discovery, a struggling media giant, is likely to be acquired for at least the $72 billion Netflix has offered. Warner Bros. Discovery's content, intellectual property, and franchises are worth a fortune to a company like Netflix.
Disney has an even stronger slate of franchises and media properties, including Marvel, Star Wars, and its classic characters. That intellectual property feeds the experiences business, which includes Disney's wildly profitable parks and cruise ships. In fiscal 2025, Disney's experiences segment generated $36 billion in revenue and nearly $10 billion in operating profit.
In the near term, the changing face of the media industry could pressure Disney's results as it navigates the rise of streaming and the uncertain future of the movie theater business. However, Disney has adapted before, and it will adapt again. How Disney makes money may change, but what won't change is the value of the company's incredible portfolio of content.
Disney stock trades for around 17 times fiscal 2025 earnings, and the company expects double-digit EPS growth in fiscal 2026 and fiscal 2027. Given the value of Disney's media properties and content, that valuation looks like a bargain.
Should you buy stock in Walt Disney right now?
Before you buy stock in Walt Disney, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Walt Disney wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $505,641!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,143,283!*
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*Stock Advisor returns as of January 1, 2026.
Timothy Green has positions in Walt Disney. The Motley Fool has positions in and recommends Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should You Invest $1,000 in Disney Stock Right Now?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Schwab U.S. Large-Cap Growth ETF (Symbol: SCHG) where we have detected an approximate $642.8 million dollar outflow -- that's a 1.2% decrease week over week (from 1,638,800,000 to 1,619,250,000). Among the largest underlying components of SCHG, in trading today Intuitive Surgical Inc (Symbol: ISRG) is down about 0.3%, Walt Disney Co. (Symbol: DIS) is off about 0.6%, and Linde PLC (Symbol: LIN) is relatively unchanged. For a complete list of holdings, visit the SCHG Holdings page » The chart below shows the one year price performance of SCHG, versus its 200 day moving average:
Looking at the chart above, SCHG's low point in its 52 week range is $21.3703 per share, with $33.7385 as the 52 week high point — that compares with a last trade of $32.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
Institutional Holders of SLI
Top Ten Hedge Funds Holding NFJ
Institutional Holders of GDX
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SCHG, ISRG, DIS, LIN: Large Outflows Detected at ETF

Key Points
Disney stock failed to beat the market in 2025, just as it has flopped in three of the four previous years.
The future is bright with potential blockbusters, another cruise ship, and theme park expansion paying off in 2026.
With a forward earnings multiple in the mid-teens, Disney stock is attractively priced right now.
The last couple of years haven't been easy for Walt Disney (NYSE: DIS) investors, like me. Shares of the iconic entertainment stock barely matched the market in 2024, only to fall short every year outside of that since 2020.
This year has been more of the same. Disney shares have risen 3% in 2025 heading into the final trading day of the year. The market has soared 17%. I know that the past few years suggest that momentum isn't on the side of the House of Mouse, but I disagree. Here are some of the reasons why I believe that Disney stock will break out and beat the market in 2026.
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1. Content is king again
This past year has been a wild last dance at a Sadie Hawkins party. Warner Bros. Discovery (NASDAQ: WBD) began the year with a market cap of $26 billion. Its value has roughly tripled as a bidding war broke out for the media stock, following an earlier bidding war for a rival platform that concluded over the summer.
Warner Bros. Discovery looks like it's going to be bought out at roughly half of Disney's enterprise value. Disney is more than twice the company that Warner Bros. Discovery will ever be. What does Disney own? The easier question is to ask what the massive empire doesn't own. It's unlikely that Disney becomes the target of a bidding war in 2026, but the value of what it owns just got a whole lot better this year.
2. Disney still owns the multiplex
Disney's studio business got off to a sleepy start in 2025. Some of the year's biggest hits, like A Minecraft Movie and Sinners, were released by other studios. Its own live-action Snow White was a box office dud. It all worked out in the end.
Outside of China's Ne Zha 2, Disney will have put out the only three movies in 2025 that would go on to top $1 billion in ticket sales worldwide. The live-action Lilo & Stitch and Zootopia 2 are already there. Avatar: Fire and Ash will outsell the two of them by the time it completes its theatrical run.
This isn't a fluke. Disney had the only three movie releases of 2024 that surpassed $1 billion apiece in global box office receipts. Expect more of the same in 2026. Disney's Avengers: Doomsday is widely predicted to be the top draw in the year ahead. Other notable Disney releases in the new year include The Mandalorian and Grogu as well as Toy Story 5. Never bet against a proven hit factory.
3. It's a small world, but it keeps getting bigger
Disney's experiences segment was expected to face a major challenge in fiscal 2025 with the springtime opening of Comcast's (NASDAQ: CMCSA) Epic Universe. Would the first major theme park to open in the U.S. -- minutes from Disney World in Florida -- leave a dent on the world's largest operator?
It doesn't seem that way. Disney's experiences segment -- helmed by its gated attractions and cruise line business -- saw its revenue and segment operating income rise 6% and 8%, respectively. The new year should be even better. Since the end of Disney's fiscal year in September, its cruise line introduced the bar-raising Disney Destiny in November. The maiden voyage for Disney Adventure -- its largest cruise ship -- is now just a couple of months away. A major expansion at its theme parks worldwide leaves Disney with a pipeline of new experiences that will be rolled out over the next few years.
4. The financials keep getting better
If you think Disney stock disappointed in 2025 because the business took a step back, think again. Disney's revenue rose a modest 3% to $94.4 billion in fiscal 2025, but the story was even better on the bottom line. Adjusted earnings per share rose 19%. Free cash flow improved 18%.
Disney's streaming business turned profitable midway through fiscal 2024. This has helped give Disney+, Hulu, and the recently launched ESPN Unlimited the flexibility to soar without impeding the overall company. Disney reinstated its dividend at the start of fiscal 2024 and has since raised it three times. Disney is back, even if the five-year chart says otherwise.
5. Disney is cheaper than you think
With so many moving parts -- led by its flagship content business that just saw a rival get bid up to 3 times what it was worth a year ago -- you would expect Disney to be richly valued. Here is where that uninspiring stock chart of the past few years starts to pay off.
Disney is trading for a reasonable 17 times this fiscal year's profit target. It's fetching a little more than 15 times next fiscal year's earnings. You can snag the global leader in entertainment at an attractive valuation, heading into a future that should include a lot of Disney consumption by the world. It's how a fairy tale ends, and this is your compelling starting line.
Should you buy stock in Walt Disney right now?
Before you buy stock in Walt Disney, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Walt Disney wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $505,749!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,149,658!*
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*Stock Advisor returns as of December 31, 2025.
Rick Munarriz has positions in Comcast and Walt Disney. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. Discovery. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

5 Reasons Why Disney Stock Will Beat the Market in 2026

Key Points
Beginning Jan. 1, Greg Abel, who's been overseeing Berkshire's non-insurance operations, will become the new CEO.
Although Warren Buffett's short-term actions and long-term ethos didn't always align, he remained an unwavering value investor who looked to the horizon and never bet against America.
While the transition to Abel should be seamless in some respects, changes are inevitable at the trillion-dollar company Buffett and his late right-hand man, Charlie Munger, helped build.
The most illustrious investing career of our lifetime is officially coming to a close. When the closing bell tolls on Wall Street later today, Dec. 31, 2025, it'll be the last time it does so with billionaire Warren Buffett acting in the CEO capacity for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) -- although he'll remain chairman of the board.
In the more than 60 years the affably named Oracle of Omaha held the reins, he's overseen a cumulative return in Berkshire's Class A shares (BRK.A) of close to 6,060,000%, as of the closing bell on Dec. 24. With regard to annualized total return, including dividends, Buffett came close to doubling the benchmark S&P 500 (SNPINDEX: ^GSPC) since 1965.
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On Jan. 1, the trillion-dollar company that Warren Buffett and now-late right-hand man Charlie Munger helped build will enter uncharted territory. While some things will stay the same with Greg Abel as Berkshire Hathaway's new CEO, certain aspects of this time-tested business are changing forever.
Few investors understood the value of time and perspective like Warren Buffett
During the Oracle of Omaha's six-decade tenure at Berkshire Hathaway, he green-lighted approximately five dozen acquisitions across a range of sectors and industries. While some of these buyouts are major contributors to Berkshire's relatively steady operating growth (e.g., insurer GEICO and railroad BNSF), it's the investment portfolio Buffett oversaw that always garnered the most attention from investors.
In the days leading up to Buffett's departure as CEO, Berkshire's investment portfolio had swelled to $316 billion in market value, spread across nearly four dozen holdings.
Like every investor who's put their money to work on Wall Street, Warren Buffett wasn't always right. He sold shares of Walt Disney far too early on two separate occasions, took his lumps with multinational grocer Tesco in the mid-2010s, and more recently whiffed with his investment in media giant Paramount (now Paramount Skydance).
But these mistakes and learning experiences were ultimately dwarfed by his unwavering focus on value, his willingness to allow his investment thesis to play out, and his ability to step back and analyze the bigger picture.
While the average holding period for stocks traded on the New York Stock Exchange plummeted from roughly eight years in the late 1950s to the equivalent of just 5.5 months by 2020, Berkshire's billionaire boss rejected the temptations of high-frequency trading and/or software algorithms. Instead, he chose to stick with his decades-long investment philosophy that great businesses (i.e., those with sustainable moats and phenomenal management teams) will excel over the long run.
The Oracle of Omaha's actions and long-term ethos didn't always align in the short term
Being patient can be challenging on the psyche of investors -- but Warren Buffett demonstrated how fruitful that patience can be.
According to rolling 20-year data from Crestmont Research, the S&P 500 has never had a rolling 20-year period where it's delivered negative total returns, including dividends. Buffett has repeatedly opined he'd never bet against America, because he astutely recognizes that the U.S. economy and major stock indexes are going to increase in value over long periods.
Occasionally, the patience Berkshire's billionaire boss has exhibited has gotten him into some hot water with shareholders. For example, he's been a net seller of stocks in each of the last 12 quarters (Oct. 1, 2022 – Sept. 30, 2025), to the cumulative tune of nearly $184 billion. All the while, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have respectively rallied to several record-closing highs.
While some might view this as a missed opportunity for Warren Buffett, or could argue that Wall Street's most illustrious investor has lost his touch, it's par for the course with how the foundation of Berkshire Hathaway was built. Buffett emphasizes value above all else and has learned to wait for price dislocations before pouncing on perceived bargains. Amid the historically pricey stock market we have now, good deals are tough to come by.
One of the best examples of Buffett's willingness to wait for valuations to come into his wheelhouse occurred in August 2011. Berkshire's boss negotiated a deal to provide Bank of America (NYSE: BAC) with $5 billion to shore up its finances. In return, Buffett's company received $5 billion in Bank of America preferred stock, yielding 6% annually, along with warrants to buy up to 700 million common shares of BofA stock at $7.14 per share. These warrants were exercised in full six years later, yielding a then-instant profit windfall of $12 billion, which has since grown even larger.
The Greg Abel era begins for Berkshire Hathaway
Transitioning from Buffett to Abel should be seamless in some respects. Abel has been with Berkshire for the last 25 years, overseeing all of the company's non-insurance operations. This has required Berkshire's incoming CEO to become knowledgeable about several sectors and industries.
Arguably even more important from the standpoint of Berkshire Hathaway's investors, Abel shares the same value-focused, long-term ethos that Buffett and Munger championed for decades.
For example, Abel has vowed to continue Berkshire's buyback program when appropriate. Since the board of directors amended Berkshire Hathaway's share-repurchase policy in July 2018, Warren Buffett spent close to $78 billion to retire more than 12% of his company's outstanding shares. In addition to incentivizing a long-term vision, buybacks can lift earnings per share.
Furthermore, Abel played an instrumental role in facilitating Berkshire Hathaway's sizable investments in Japan's five major trading houses, commonly referred to as the sogo shosha. These five companies play a crucial role in Japan's economic success. Most importantly, they offer generous capital-return programs and trade at discounted valuations compared to historically expensive U.S. stocks.
At the same time, a Greg Abel-led Berkshire Hathaway is going to look different.
One of the biggest differences can be seen in the non-core portion of Berkshire Hathaway's $316 billion investment portfolio. While Buffett and Abel are on the same wavelength in the sense that eight companies are being viewed as "indefinite" holdings, Berkshire's smaller holdings are being more actively managed than ever before. Expect to see more $10 million to $2 billion investments from the likes of Ted Weschler, who's been assisting Buffett as an investment manager for Berkshire Hathaway's portfolio since 2012.
An Abel-led Berkshire Hathaway is also more likely to include technology and healthcare stocks as core holdings. Warren Buffett was never up to date on the latest tech innovations, and the potential need to follow clinical trial data often made healthcare stocks a no-go for the Oracle of Omaha. Abel, on the other hand, doesn't shy away from either sector.
Additionally, some of Berkshire Hathaway's current core positions may be shown the door. Apple (NASDAQ: AAPL), which has been the No. 1 holding by market value for years, is no longer the bargain it once was. Although iPhone sales picked up in fiscal 2025, which ended in late September, the company's growth has otherwise been stagnant for years. Apple doesn't exactly fit the mold of what Abel typically looks for in an investment.
Berkshire Hathaway without Warren Buffett will take some getting used to. But the philosophies and foundation laid by Buffett and Munger, coupled with the similar investment approach employed by Greg Abel, should ensure the company's continued success and help it build upon its trillion-dollar valuation.
Should you buy stock in Berkshire Hathaway right now?
Before you buy stock in Berkshire Hathaway, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Berkshire Hathaway wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $507,744!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,153,827!*
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*Stock Advisor returns as of December 31, 2025.
Bank of America is an advertising partner of Motley Fool Money. Sean Williams has positions in Bank of America. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Walt Disney. The Motley Fool recommends Tesco Plc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Investing Legend Warren Buffett Bids Adieu to Wall Street, While His Trillion-Dollar Company, Berkshire Hathaway, Enters a New Era

(RTTNews) - The U.S. Justice Department announced that a federal court has approved a stipulated order resolving a case against Disney Worldwide Services Inc. and Disney Entertainment Operations LLC. Under the settlement, Disney will pay $10 million in civil penalties to resolve allegations from the Federal Trade Commission that the company violated the Children's Online Privacy Protection Act (COPPA) in connection with its YouTube video content.
COPPA prohibits online platforms from collecting, using, or disclosing personal information from children under 13 without parental notice and consent. The government's complaint alleged that Disney failed to properly designate its YouTube content as directed toward children, which led to targeted advertising and the unlawful collection of children's data. Disney's videos are among the most popular on YouTube, with billions of views in the U.S. alone.
Beyond the financial penalty, the order bars Disney from operating on YouTube in violation of COPPA and requires the company to establish a compliance program to ensure future adherence to children's privacy protections.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Disney To Pay $10 Mln Penalty Over Alleged Violations Of Children's Online Privacy Rules

Roku's ROKU platform revenues are driven by advertising activities and streaming services distribution. Advertising includes video ads delivered across the Roku platform and The Roku Channel, while streaming services distribution covers revenues from Premium Subscriptions, transaction fees on content purchases and Roku-billed subscriptions. This dual revenue structure provides diversification and gives Roku multiple levers to drive platform growth.
Advertising remains the key driver of platform momentum. Roku has expanded integrations with major demand-side platforms such as Amazon DSP, Trade Desk and FreeWheel, allowing advertisers to access inventory through preferred buying channels. Programmatic transactions account for a rising share of video ad impressions, improving demand access and monetisation efficiency. Roku Ads Manager is broadening the advertiser base by attracting small and medium-sized businesses and performance marketers. Nearly 90% of advertisers using Ads Manager are new to Roku, pointing to incremental demand rather than dependence on traditional brand budgets. Video advertising growth continues to outpace the broader U.S. OTT and digital advertising markets, supporting visibility into platform revenue trends.
Streaming services distribution adds a second growth driver. Subscriptions are benefiting from improved content discovery and AI-powered recommendations that support higher conversions. Roku’s 2026 content slate is expected to strengthen The Roku Channel with originals such as Broad Trip, The Laguna Beach Reunion and The Great American Baking Show Season 2, alongside third-party titles including The Spiderwick Chronicles and Die Hart Season 3. Engagement is expected to be further supported by The Roku Sports Channel, which features MLB Sunday Leadoff, NBA G League and Formula E content. Howdy, Roku’s $2.99 ad-free subscription service with nearly 10,000 hours of content targets a value-focused audience and expands monetisation opportunities.
The Zacks Consensus Estimate for fourth-quarter 2025 platform revenues is pegged at $1.12 billion, indicating 14.5% year-over-year growth. With advertising execution and subscription expansion progressing together, Roku’s platform revenues appear well-positioned to support further upside.
ROKU Faces Intensifying Competition
Roku’s platform competes with Netflix NFLX and Disney DIS as both expand ad-supported streaming and subscription monetization. Netflix is scaling its ad tier alongside subscriptions, while Netflix continues to monetise viewing inside its own app. Disney follows a similar path across Disney+ and Hulu, with Disney using premium content to support ads and subscriptions. Unlike Netflix and Disney, Roku monetises viewing across apps at the platform level rather than single-service control models.
ROKU’s Share Price Performance, Valuation & Estimates
ROKU shares have risen 27.5% in the past six months, outperforming the Zacks Broadcast Radio and Television industry’s decline of 15.5% and the Zacks Consumer Discretionary sector’s plunge of 6.7%.
ROKU’s Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Roku stock is currently trading at a forward 12-month Price/Sales ratio of 3.11X compared with the industry’s 4.3X. ROKU carries a Value Score of D.
ROKU’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ROKU’s fourth-quarter 2025 earnings is pegged at 28 cents per share, unchanged over the past 30 days. The earnings figure suggests improvement over the year-ago quarter’s loss of 24 cents per share.
Roku, Inc. Price and Consensus
Roku currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can Strong Platform Revenues Support Further Upside in Roku Stock?

Disney DIS and Comcast CMCSA represent two powerhouses in the entertainment and media landscape, each commanding significant market presence through diverse business portfolios. Disney, the century-old entertainment pioneer, operates through its iconic theme parks, streaming services, including Disney+ and Hulu, and unparalleled content creation capabilities. Meanwhile, Comcast combines its connectivity infrastructure with NBCUniversal's content assets, the Peacock streaming platform, and Universal theme parks. Both companies stand at pivotal junctures as they navigate evolving consumer preferences, streaming profitability challenges, and shifting media consumption patterns.
The competitive dynamics between these giants have intensified in recent months. Disney achieved a landmark fourth-quarter fiscal 2025 with full-year revenues reaching $94.4 billion and streaming operations turning consistently profitable. In November 2025, Disney announced record operating income of $10 billion for its Experiences segment while projecting double-digit adjusted EPS growth for fiscal 2026. Comcast, reporting third-quarter 2025 results in October, demonstrated resilience with solid free cash flow generation of $4.9 billion despite revenue headwinds. December 2025 brought significant corporate action from Comcast, with its board approving the separation of cable networks into Versant Media Group, scheduled for completion on Jan. 2, 2026, fundamentally reshaping its business structure.
The timing for comparison couldn't be more relevant. Let's delve deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for DIS Stock
Disney's investment thesis centers on an impressive transformation narrative, positioning the company for sustained growth across multiple revenue streams. The streaming business achieved a remarkable turnaround in fourth-quarter fiscal 2025, delivering operating income of $352 million in the quarter and $1.33 billion for the full year, successfully meeting its profitability target. Disney+ subscribers reached 132 million, adding 3.8 million in the fourth quarter alone, while combined Disney+ and Hulu subscriptions totaled 196 million. Management's guidance projects Disney+ and Hulu achieving 10% operating margins in fiscal 2026, demonstrating pricing power and operational efficiency.
The Experiences segment serves as Disney's profit engine, generating a record $10 billion in operating income for fiscal 2025, representing an 8% increase year over year. Fourth-quarter segment operating income reached $1.9 billion, up 13% from the prior year. CEO Bob Iger announced that advance bookings are up 3% for first-quarter fiscal 2026 and positive for the full year, indicating sustained demand. The company's strategic expansion received a significant boost with November 2025's landmark Disney theme park resort announcement in Abu Dhabi, UAE, in partnership with Miral. This seventh Disney resort globally taps into massive addressable markets within a four-hour flight radius of one-third of the world's population.
Disney's content momentum remains robust. The live-action Lilo & Stitch became the highest-grossing Hollywood film at global box offices in calendar 2025, generating 14.3 million views in its earliest Disney+ days for the service's largest premiere ever. Disney's cruise line expansion continues with Disney Destiny launching on Nov. 20, 2025, and Disney Adventure scheduled for March 10, 2026. Management provided confident fiscal 2026 guidance projecting double-digit Entertainment segment operating income growth, high single-digit Experiences growth, and double-digit adjusted EPS growth continuing through fiscal 2027. Disney doubled its share repurchase target to $7 billion and increased its annual dividend to $1.50 per share.
The consensus mark for fiscal 2026 earnings is pegged at $6.60 per share, indicating 11.3% year-over-year growth.
The Walt Disney Company Price and Consensus
The Case for CMCSA Stock
Comcast presents a diversified business model balancing connectivity infrastructure with content and experiences, offering steady cash generation despite near-term challenges. Third-quarter 2025 results showed adjusted EPS of $1.12, matching the prior year and beating analyst expectations, while free cash flow surged 45% to $4.9 billion. The company returned $2.8 billion to shareholders through share repurchases and dividends, demonstrating a commitment to shareholder returns. Comcast's Content & Experiences segment delivered notable success with Epic Universe's opening on May 22, 2025, driving theme park revenue growth of 19% to $2.35 billion in the second quarter.
The Connectivity & Platforms segment, representing approximately 68% of revenues, faces structural headwinds but provides substantial cash flow supporting growth investments. Management implemented strategic pricing pivots in mid-2025, introducing five-year price guarantees and simplified packaging to stabilize the broadband customer base. Wireless emerged as a core growth driver with 378,000 line additions in second-quarter 2025, marking the business' best quarter ever, while convergence revenues grew 2.5%, supported by mid-teens wireless growth. Peacock showed meaningful progress with paid subscribers increasing 24.2% year over year to 41 million and revenues jumping 18% to $1.2 billion.
In December 2025, Comcast's board approved a transformative restructuring, separating cable networks and digital platforms into Versant Media Group, scheduled for completion on Jan. 2, 2026. The company also announced the redemption of $2.75 billion in outstanding notes, reflecting strategic financial management.
However, challenges persist. Third-quarter revenues decreased 2.7%, reflecting unfavorable Olympic comparisons, while Connectivity & Platforms lost 349,000 customer relationships. Management guided continued broadband ARPU pressure in early 2026 with no planned rate increases.
The consensus mark for 2026 earnings is pegged at $4.11 per share, indicating a decline of 1.79% year over year.
Comcast Corporation Price and Consensus
Valuation and Price Performance Comparison
Both Disney and Comcast trade at discounted valuations relative to historical ranges, though with markedly different multiples reflecting divergent growth trajectories. Disney trades at a 16.72x forward P/E, representing a premium to Comcast's 7.22x multiple. Disney's higher multiple reflects investor confidence in its streaming profitability turnaround, superior content monetization capabilities, global theme park expansion opportunities, and proven pricing power. Disney's premium valuation appears justified, given its transformation trajectory and integrated ecosystem, creating multiple touchpoints for IP monetization.
DIS vs. CMCSA: P/E F12M Value
Image Source: Zacks Investment Research
Six-month price performance through December 2025 favors Disney despite underperforming the Zacks Consumer Discretionary sector. While shares of Disney have lost 8.4%, Comcast has plunged 16.9% in the past six-month period.
DIS Outperforms CMCSA In 6 Months
Image Source: Zacks Investment Research
Conclusion
Disney emerges as the compelling investment choice with superior upside potential. Disney's successful streaming transformation from losses to $1.33 billion in annual profitability, combined with record $10 billion Experiences operating income, demonstrates execution capability. The strategic Abu Dhabi expansion positions Disney to capture growth in emerging markets, while domestic parks maintain record revenues and industry-leading pricing power. Management's confident double-digit adjusted EPS growth guidance for fiscal 2026 and 2027, coupled with doubling share repurchases to $7 billion, reflects strong financial positioning. Investors should actively track Disney stock for attractive entry opportunities to participate in its transformation story and global expansion prospects, while maintaining a watchful stance on Comcast, awaiting clearer stabilization signals following the Versant separation. DIS and CMCSA carry a Zacks Rank #3 (Hold) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Disney vs. Comcast: Which Media Giant Has Better Upside Potential?

Investors in Walt Disney Co. (Symbol: DIS) saw new options become available today, for the November 2026 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 326 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DIS options chain for the new November 2026 contracts and identified one put and one call contract of particular interest.
The put contract at the $80.00 strike price has a current bid of $1.53. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $78.47 (before broker commissions). To an investor already interested in purchasing shares of DIS, that could represent an attractive alternative to paying $113.97/share today.
Because the $80.00 strike represents an approximate 30% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 89%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.91% return on the cash commitment, or 2.14% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Walt Disney Co., and highlighting in green where the $80.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $130.00 strike price has a current bid of $6.60. If an investor was to purchase shares of DIS stock at the current price level of $113.97/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $130.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 19.86% if the stock gets called away at the November 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DIS shares really soar, which is why looking at the trailing twelve month trading history for Walt Disney Co., as well as studying the business fundamentals becomes important. Below is a chart showing DIS's trailing twelve month trading history, with the $130.00 strike highlighted in red:
Considering the fact that the $130.00 strike represents an approximate 14% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.79% boost of extra return to the investor, or 6.48% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 38%, while the implied volatility in the call contract example is 30%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 249 trading day closing values as well as today's price of $113.97) to be 30%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Also see:
Technical Analysis Channel
CUR market cap history
FMDL Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

November 2026 Options Now Available For Walt Disney (DIS)

Did Disney Win or Lose the OpenAI Deal?

Key Points
IMAX is a trendy entertainment stock, as the company had a fine 2025.
Walt Disney has a much larger collection of revenue-producing assets across the entertainment realm, however.
IMAX (NYSE: IMAX) will find it hard to top 2025. During the year, the large-format movie theater technology company broke several of its records, including those for total box office take. This is impressive, but to me, Walt Disney (NYSE: DIS) has a better business model, a brighter future, and is the superior entertainment stock for investors.
Growing audiences
Nevertheless, of the two stocks, it's IMAX that is currently more favored by Mr. Market. It finished 2025 by reporting that a splashy new release, Avatar: Fire and Ash, clocked in at the company's fifth-best opening (in terms of ticket sales) in its history. It also happened to be the widest IMAX release ever, at 1,703 screens.
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Meanwhile, the company's fundamentals are heading in the right direction. Its third-quarter revenue set a new all-time record for that period, rising by a sturdy 17% to almost $107 million. Not to be outdone, net income not according to generally accepted accounting principles (GAAP) leaped by 39% to top $26 million. Both line items beat the consensus analyst estimates.
Next to a whirlwind like IMAX, Disney probably looks a little staid to some investors. It's also coming off a lean period where it didn't perform all that impressively.
There has been a rebound since. The company's streaming services, anchored by Disney+, finally achieved profitability in 2024. Zooming out, the top line is rising thanks to the contribution of the company's many revenue streams (theme parks, films, branded merchandise, etc.).
Disney published its fiscal 2025 results in November, revealing that revenue grew by 3% over the previous year to over $94 billion, as all three reporting segments (entertainment, sports, and experiences) posted increases. All managed to raise their operating income more robustly, resulting in an overall GAAP net profit surge of nearly 58% to $12 billion.
The future looks promising too, as Disney is guiding for the highest-revenue segment (entertainment) to improve its operating income at a double-digit percentage rate across fiscal 2026. That for sports and experiences should only gain in the single-digit percentages, but any level of growth is welcome.
A clear champion
To boil this down, Disney is a well-established entertainment giant with a great many intellectual property assets that have been monetized through its films, TV shows, theme park rides, merchandise, and other ventures. Its revenue sources are many and varied, and the bottom line has been well in the black of late.
While IMAX has, admirably, broadened its business beyond the multiplex, it's still susceptible to shifts in movie-going trends. It also doesn't have the size, scope, and reach of Disney.
Additionally, Disney is clearly the better buy on key valuation metrics. Given its massive collection of assets, it actually trades at a reasonable price-to-book ratio of 1.84, while its price-to-sales ratio on that towering pile of revenue is below 2.2; both compare very favorably to IMAX's 5.8 and 5.5, respectively. And on forward P/E, Disney also wins, at 17 versus 22.
I do like IMAX, as it's a well-managed company with a promising future. But it isn't Disney, the once and future king of many entertainment realms, and as such I'd unhesitatingly recommend buying the Mouse rather than the big-screen specialist.
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Eric Volkman has positions in Walt Disney. The Motley Fool has positions in and recommends Netflix and Walt Disney. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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