Polar Power Soars
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 May 2023
⏱️ 10 minutes
🧾️ Download transcript
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Disney: Fiscal Q2 Earnings Miss And Subscriber Decline
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Thursday, May 11th, and I'm your host Julie Morgan. |
| 0:12.0 | Disney shares are under pressure after the company |
| 0:14.6 | reported revenue roughly in line with expectations and a subscriber decline. |
| 0:19.2 | Today is the |
| 0:23.0 | one of the big discussions the crypto market is focusing on over the last week |
| 0:26.3 | is actually impacting both ethereal and Bitcoin at the same time. |
| 0:30.3 | That's high transaction fees. |
| 0:32.1 | Mike Faye is the investing group leader of blockchain reaction on seeking alpha. |
| 0:36.0 | He first mentioned the probability of higher fees back in February. |
| 0:41.0 | The Polar Power stock is trading higher. This after the company started |
| 0:45.5 | taking pre-orders for its mobile EV charger. You can find links to all the |
| 0:50.9 | stories we talk about on the show and show notes and our daily |
| 0:54.3 | seeking alpha Wall Street breakfast articles. Our top story. |
| 0:59.6 | Walt Disney stock is down nearly 5% pre-market following a fiscal second quarter earnings report where revenues came in roughly in line with expectations and net income just short. |
| 1:11.0 | While the company also reported improvement in its streaming losses |
| 1:14.6 | despite another subscriber decline. Disney plus subscribers fell for the |
| 1:19.0 | second straight quarter this time to 157.8 million from 161.8 million, a 2% drop quarter over quarter. E.P.N. Plus and Hulu subscribers ticked up and average revenue per user gained across Disney Plus and the |
| 1:35.1 | S. P. N. Plus. Disney revenues grew 13% to 21.82 billion dollars roughly in |
| 1:41.9 | line with expectations and paced by another double digit gain in the Parks |
| 1:46.1 | Unit. |
| 1:47.1 | CEO Bob Eiger said the company is pleased with their accomplishments this quarter, including |
... |
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