Wednesday, February 09, 2022 13:21:08 UTC

Disney's earnings today may recapture some momentum, with the stock down 30% from its all-time high of $202 a year ago. The Mouse is also now spending big on sports.

The rebound of post-pandemic traffic in its theme parks division has been gradual in recent quarters, while its reliance on streaming has witnessed a decrease in subscribers. The Mouse is still spending heavily on its content portfolio, particularly sports, with a budget of up to $33 billion set out for fiscal 2022.(More)

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