Disney CEO Josh D'Amaro Calls Parks Division a 'Big Surprise' but Remains Unhappy with Stock Performance
Disney CEO Josh D'Amaro expressed dissatisfaction with the company's current stock value in a recent discussion with CNBC, despite the parks division outperforming forecasts last quarter. He acknowledged this sentiment is shared among investors and emphasized his optimism regarding Disney's status in the entertainment sector. Over the past year, Disney's shares have decreased by over 8%. D'Amaro labeled the parks division's strong performance as an unexpected positive. His remarks come during a period of both challenges and prospects for Disney's streaming services and theme park operations.
Key facts
- Disney CEO Josh D'Amaro said the parks division was a 'big surprise' last quarter.
- D'Amaro expressed dissatisfaction with Disney's stock price.
- Disney shares have fallen more than 8% over the past year.
- D'Amaro made these comments in an interview with CNBC.
- He believes Disney is in a strong position relative to the entertainment industry.
- Investors are also unhappy with the stock's performance.
Entities
Institutions
- Disney
- CNBC
Sources
- Quartz —