Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon, today's Thursday, November 14th, and I'm your host, Kim Khan. Our top story so far,

while Disney is rallying as investors applaud the guidance that accompanied fiscal Q4 results

that beat on the top and bottom lines.

Looking ahead, Disney sees high single-digit EPS growth in full year 2025 versus the implied

guidance of up 4%.

For 2026, it expects double-digit adjusted EPS growth.

Goldman Sachs' 2020's guidance suggests EPS of about $6

versus consensus of 573. For 2025, Disney also expects approximately $15 billion in cash

provided by operations, about $8 billion of capital expenditures, and is targeting dividend

growth that tracks earnings. On the buyback front, Disney set a target of

$3 billion for the fiscal year. For the most recent quarter, revenue growth of 6.3% year over year

included gains across the experiences and entertainment segments, while the sports segment saw flat

revenue growth. EPS for the last quarter landed at 114 versus 111 consensus and 82 cents a year ago.

Free cash flow was up 18% to 4.03 billion. Notably, the entertainment segment operating income more than tripled year over year.

In streaming, Disney Plus core subscribers were at 4% year over year toyear to 122.7 million versus 119.1%

Hotstar subscribers were at 1% to 35.9 million versus 35.6 million consensus. And total

Hulu subscribers edged up 2% to 52 million versus 51.9 million consensus.

CEO Bob Eiger said, in Q4, we saw one of the best quarters in our history of our film

studio, improved profitability in our streaming businesses, a record-breaking 60 Emmy

awards for the company, the continued power of live sports, and the unveiling of an

impressive collection of new projects coming

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