🚀 Disney shares mixed results

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Year To Date Performances:

1. Disney reported mixed fourth-quarter results, beating earnings estimates but missing on revenue as growth in streaming was offset by continued declines in traditional TV. Adjusted earnings per share hit $1.11, above expectations, while revenue came in slightly lower at $22.46 billion. Disney+ added 3.8 million subscribers for a total of 131.6 million, and streaming operating income rose 39% to $352 million thanks to price hikes. However, revenue from the entertainment unit dropped 6%, dragged down by a 21% decline in linear TV profits and weak box office performance. ESPN revenue rose 3% but profit was flat due to the launch of its standalone app and higher programming costs. The experiences division — including parks, resorts, and cruises — continued to shine, with revenue up 6% and operating income up 13%, buoyed by strong bookings and cruise demand. Disney stock fell 3% in premarket trading following the report.

2. Starbucks Workers United launched an open-ended strike across at least 40 cities and 65 stores on Red Cup Day, one of the coffee chain’s biggest annual sales events, involving over 1,000 baristas demanding higher wages, better hours, and resolution of hundreds of unfair labour practice claims. The strike, which could expand in the coming days, threatens to disrupt Starbucks’ critical holiday season as the company works to reverse declining U.S. sales under new CEO Brian Niccol. Starbucks maintains it offers industry-leading pay and benefits, averaging over $30 an hour, and blames the union for walking away from negotiations after reaching 30 tentative agreements. The union, which represents roughly 12,000 workers, says Starbucks has stonewalled a fair contract and warns this could become the largest strike in company history if the company doesn’t return to the table.

3. Firefly Aerospace shares jumped 15% after the company reported stronger-than-expected third-quarter earnings and raised its full-year revenue guidance. Revenue rose 38% year-over-year to $30.8 million, nearly doubling from the prior quarter, while net loss widened to $140.4 million, including IPO and severance costs. The Texas-based rocket maker now expects annual revenue of $150–$158 million, up from earlier guidance of $133–$145 million. The report marks Firefly’s second quarter since its August Nasdaq debut, following a turbulent period that included a rocket explosion and steep share losses. Despite those setbacks, new NASA contracts and its recent acquisition of defence tech firm SciTec have strengthened investor confidence in Firefly’s long-term prospects.

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