Disney Stock Jumps to Highest Price in a Year After Q1 FY24 Earnings Report

Shannen Ace

The Walt Disney Company logo

Disney Stock Jumps to Highest Price in a Year After Q1 FY24 Earnings Report

After The Walt Disney Company released their Q1 FY24 earnings report on Wednesday, Disney’s stock price jumped over 12 percent to its highest price in a year.

Disney Stock Price Rising

Walt Disney Studios building

As of noon on Thursday, February 8, the stock price for Disney is $111.32. It closed at $99.14 yesterday.

The last time Disney’s stock was over $111 was this day last year. On February 8, 2023, it closed at $111.78 per share.

On October 4, 2023, Disney stock had fallen all the way to $79.32, its lowest price since February 7, 2014, when it was $75.67. The all-time high for Disney stock was $201.91 on March 8, 2021.

sleeping beauty castle stock image

In the earnings report, Disney reported $6.3 billion in domestic revenue for parks and experiences and $23.55 billion in overall revenue. All the theme parks were profitable in this quarter and CEO Bob Iger teased “so many untapped stories” that could be incorporated into the parks. Disney also reiterated their intention to invest $60 billion in parks and experiences, with 70 percent going to increased capacity efforts.

Moana 2 art

Iger surprise announced that “Moana 2” is coming to theaters this November. “Percy Jackson and the Olympians” was renewed for a second season on Disney+. The streaming service will also be the exclusive home to “Taylor Swift: The Eras Tour (Taylor’s Version)” including songs cut from the theatrical and digital releases. Iger also confirmed other upcoming film releases. The Disney+ subscriber count did drop again.

Iger also announced Disney invested $1.5 billion into Epic Games and had entered a strategic partnership with the “Fortnite” developers to create a “new universe” with a “multitude of opportunities for consumers to play, watch, shop, and engage with content, characters and stories from Disney, Pixar, Marvel, Star Wars, Avatar, and more.”

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