Linear television continues to decline, the cost of sports rights to rise.
Iger indicated that the best resolution forHuluwould be Disney buying outComcast an expensive proposition.
The Disney and Comcast put/call contract for Hulu expires in 2024.
Disney CEO Bob IgerGetty Images
Also looming: Its impossible to forget that Iger returned to Disney in November with a two-year contract.
Shes on board, with has a buy on Disney and a $135 price target.
He has an outperform rating and 12-month target of $125.
The messaging was positive, but the current situation is mixed.
Disney plans to reinstate its dividend in the second half of fiscal 2023.
Evercore ISI has an outperform on Disney and a $130 price target.
TD Cowens Doug Creutz is at a market perform rating with his model under review.
Disney was the last of the major media companies to report quarterly numbers, closing outearningsseason.
The results came against the backdrop of a tough ad market and ongoing strike by the WGA.
Ron DeSantisover Walt Disney Worlds longstanding autonomy in the state as part a special economic district.
In other trading today, Netflix is a gainer, up 2% at $342.
Paramount Global is off 2.8% at $15.43; Warner Bros.
Discovery is down 3.8% at $12.55.
The latter two also had messy March quarters.
