Motley Fool Money It’s Always About the Forecast
May 10, 2024
Andy Cross and Ron Gross, senior analysts at Motley Fool, dive into the latest earnings from Shopify and Roblox, debating the outlook for consumer spending in 2024. They analyze Disney's streaming strategy amidst declining viewership and discuss the strong performance of Trade Desk in a challenging market. Celsius is highlighted for its continued growth in the beverage space. Co-founder David Gardner provides invaluable career advice for college graduates, emphasizing the importance of mentorship and aligning careers with personal values.
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Disney's Mixed Bag
- Disney's streaming business is nearing profitability, losing only $18 million in the quarter.
- However, traditional TV continues to struggle with declining viewership and ad revenue.
Marvel Slowdown
- Disney plans to slow down its Marvel content release schedule.
- They will limit releases to three films and two Disney+ shows per year.
Shopify's Setback
- Shopify's revenue grew by 23%, but profit concerns caused a 20% stock drop.
- The monthly recurring revenue growth deceleration worried investors.