New Star Wars Film Posts Lowest Disney Opening Ever, Grossing $145M Globally
DIS is trading near its 52-week low of $92.185 (12% above the low).
Summary
Disney's new Star Wars film, "The Mandalorian and Grogu," opened to a disappointing $145 million globally ($82 million domestically, $63 million internationally). This marks the lowest opening weekend for any Star Wars film released by Disney, despite slightly exceeding low analyst forecasts. The weak theatrical performance of a major franchise title raises concerns for the studio segment, even as the broader Star Wars brand generates over $1 billion annually for the company across various revenue streams. This follows recent positive news regarding strong Q2 earnings and plans for a new Disneyland resort.
At the time of this announcement, DIS was trading at $102.96 on NYSE in the Trade & Services sector, with a market capitalization of approximately $178.9B. The 52-week trading range was $92.19 to $124.69. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: BayStreet.