"Frozen" Wasn't the Best Thing Disney Did Last Quarter
There was a lot for investors to like about Disney's first-quarter earnings results. The big news, of course, was the blowout success of Frozen, which helped the entertainment giant's studio arm more than double its profits on a 35% boost in sales.
But, as Fool contributor Demitrios Kalogeropoulos argues in the following video, there was even better news for investors willing to dig a little deeper into the earnings report. As an example, he highlights Disney's booming parks and resorts business, which booked strong sales and profit growth despite a calendar shift that lopped the Easter holiday off this year's results. Shareholders should be more excited about that division's long-run earnings potential, he says, given its ability to kick in consistent revenue and earnings gains.
Profit from this shift
Disney's media business is massive, which makes it a key player in the shift that's rewriting the rules for the cable industry. At stake is $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.
The article "Frozen" Wasn't the Best Thing Disney Did Last Quarter originally appeared on Fool.com.Demitrios Kalogeropoulos owns shares of Walt Disney. The Motley Fool recommends and owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.