Today we are watching…
1. Disney (#disney)
Shareholders in Disney are having the time of their lives this year, the unbreakable brand pumping out box office smash hit after box office smash hit! This flux of movie mania won’t satisfy the market for long, though. That’s why Disney is using its expo, D23, to show it hasn’t run out of ideas! Despite revealing a plethora of new additions to the company’s content slate, its affordable new streaming service was the apple of investors’ eyes. The service has been tipped by many as the future engine of shareholder returns and will go live in just under two months. Plenty for investors to think about!
2. Bilibili (#bili-adr)
If you’re into the weird and wonderful world of anime, manga, and comic animations, Bilibili might be up your street. It’s a nerdy, video-sharing website, and it’s become fantastically successful. Investors are still waiting for consistent profits, however. Vast sums of money have been sunk into content and talent, and while ads bring in the revenue, rising marketing costs have further put profits on hold. As Bilibili reports its second-quarter results today, Wall Street expectations are for a 12 cent per share loss on $212 million in revenue.