🚀 Disney's massive earnings

In partnership with

Want to get the most out of ChatGPT?

Revolutionize your workday with the power of ChatGPT! Dive into HubSpot’s guide to discover how AI can elevate your productivity and creativity. Learn to automate tasks, enhance decision-making, and foster innovation, all through the capabilities of ChatGPT.

Download the offer for actionable insights and tips on harnessing AI for a more efficient, impactful professional life. 

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Disney reported fiscal third-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of $1.39 versus the anticipated $1.19 and revenue of $23.16 billion against the expected $23.07 billion. The company's total segment operating income rose 19% to $4.225 billion, driven by its streaming business, which turned a profit earlier than expected. Disney's combined streaming services (Disney+, Hulu, and ESPN+) posted an operating profit of $47 million, contrasting with a $512 million loss the previous year. Disney+ Core subscribers increased by 1% to 118.3 million, and Hulu subscribers grew by 2% to 51.1 million. The entertainment segment's revenue grew 4%, while traditional TV networks' revenue dropped 7%. Despite U.S. theme parks facing flat attendance and inflationary pressures, Disney's experiences unit saw a 2% revenue increase. CEO Bob Iger highlighted the success of Disney's content and upcoming enhancements, including a crackdown on password sharing and further streaming price hikes. Overall revenue increased by 4% to $23.155 billion, with ESPN seeing a 5% rise in revenue driven by domestic advertising growth.

2. Mortgage interest rates fell last week to their lowest level since May 2023, sparking a 6.9% rise in total mortgage applications, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages with conforming loan balances dropped to 6.55% from 6.82%. This decline, attributed to dovish signals from the Federal Reserve and a weak jobs report, led to a 16% surge in refinance applications, which are 59% higher than the same week last year. However, purchase applications only rose 1% and remain 11% lower than a year ago. Despite lower rates, homebuyers appear cautious, possibly waiting for further rate drops and increased inventory. Mortgage rates initially continued to fall this week but rebounded after positive economic data.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. The Bank of Japan has announced that it will not increase interest rates despite the recent market instability.

   2. Uber's revenue humped 16% last quarter, helping increase its stock price by 6%.

   _{* This is sponsored content.}

Stop Losing Resources to Turnover

Employee turnover can drain your resources, but with Express Employment Professionals, your local staffing partner, tailored solutions are within reach. Their local teams analyze your requirements and present you with top candidates, ensuring a strong workforce for your community. Experience the Express advantage and start building a stronger, sustainable workforce today.

Find your local office

Are you looking to grow your business? Here is how I can help:

📢Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill