Disney

Another win for corporations, another loss for Americans

$Netflix(NFLX.US) Netflix jumped approximately 3% after Bill Ackman revealed he was back in the stock. Ackman bought Netflix during the brutal 2022 selloff, then dumped the position months later at a loss. Now he is taking another swing after Netflix crashed roughly 50% from its June 2025 high. The difference? Netflix today is a much stronger cash machine than the company Ackman walked away from four years ago. Netflix has more than 325 million subscribers, nearly twice Disney+ and HBO Max combined. But subscriber count is no longer the most interesting number. Margins are. Netflix's operating margin has climbed from 21% in 2021 to roughly 31.5%, while annual cash content spending has increased only around 2%. That is serious operating leverage. Advertising revenue is also closing in on $3 billion this year, opening another monetization engine on top of subscriptions. Netflix does not need explosive subscriber growth anymore. It needs to keep extracting more dollars from the audience it already owns. @Captain's Treasure

$Disney(DIS.US) Disney released its fiscal Q3 2026, barring the slight top-line miss, it was an overall solid performance from the entertainment giant whose shares have otherwise underperformed terribly and have practically gone nowhere over the last decade. Despite the post-earnings rally yesterday, DIS is down 9.25% for the year. The divergence between Disney’s earnings and stock price has pushed down its valuations, and its forward price-to-earnings (P/E) multiple currently sits at 14.37 times. In its fiscal Q3 shareholder letter, Disney said that it finds its shares “undervalued” and put its money where its mouth is. The company increased its share buyback program for the current fiscal year and now expects to repurchase at least $9 billion of its shares. The original plan for the year was $7 billion, which the company subsequently raised to $8 billion. Now, it plans to use the $1.2 billion cash proceeds from its stake sale in A+E Global Media to repurchase its shares and has thereby increased its target. Toy Story is an example that Disney CEO Josh D’Amaro cited during the earnings call and pointed out that, apart from $4 billion in box office collections between the five movies, including $1 billion from the latest one, the franchise has amassed more than two billion hours streamed on the company’s streaming platform. Moreover, that IP generates annual retail sales of over a billion dollars across different channels, including parks and hotels. @Captain's Treasure

For the first time, DBS’ total income is above SGD6 billion. SpaceX reports as a public company. AppLovin revenue jumps. Eli Lilly, Shopify and Disney gains range from 3% to 17%.

Good news for CapitaLand Ascendas REIT distributes income up to 8.6% DPU of 7.482 cents.

CapitaLand China Trust → DPU of 2.45 cents.

There are more news about Hong Kong / China stocks - Hang Seng China Enterprises, MiniMax, Luxshare Precision, and Sanhuan Group.

☀️ Pre-Market Earnings Recap:

$Disney(DIS.US) Q3 EARNINGS

'Houthis say they don’t seek to close key Bab al-Mandeb Strait' - The Times Of Israel

My take is Netflix and Disney