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The Zacks Analyst Blog Highlights: Disney, Netflix and Amazon

For Immediate Release

Chicago, IL - February 08, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Disney (NYSE: DIS - Free Report ), Netflix (NASDAQ: NFLX - Free Report ) and Amazon (NASDAQ: AMZN - Free Report ).

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Here are highlights from Tuesday's Analyst Blog:

Disney Earnings in-Depth: ESPN Woes Hurt Revenues

Disney (NYSE: DIS - Free Report ) just reported its first-quarter 2017 earnings, and the massive media conglomerate is garnering plenty of attention today because of it. While Disney has its hands in a lot of things, perhaps the most intriguing part of today's report is the new data from its Media Networks division.

Disney's Media Networks, which includes all-day sports programming channel ESPN, has been the focus of investors over the past few years due to increased competition from Netflix (NASDAQ: NFLX - Free Report ), Hulu, and Amazon's (NASDAQ: AMZN - Free Report ) Prime Video. ESPN and Disney's other channels are inherently linked to cable subscriptions, meaning that the "cord-cutting" phenomenon has cut into the company's revenues.

In the fourth quarter of 2016, Disney's Media Networks division brought in $5.658 billion, down from $5.826 billion in the comparable quarter.

In the prior-year quarter, the Media Networks segment saw revenues of $6.332 billion. According to today's report, Media Networks saw first-quarter 2017 revenues of $6.233 billion, which represents a 2% year-over-year decline.

Breaking this down a bit, Cable Networks, a division within Media Networks that includes channels like ESPN, saw revenues decrease 2% to $4.4 billion. In the earnings report, the company said that the decrease in operating income in this division was due to "a decrease at ESPN."

"The decrease at ESPN was due to higher programming costs and lower advertising revenue, partially offset by affiliate revenue growth," the company said, pointing the finger at College Football Playoff games and more expensive contracts with the NBA and NFL.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Walt Disney Company (The) (DIS): Get Free Report

Netflix, Inc. (NFLX): Get Free Report

Amazon.com, Inc. (AMZN): Get Free Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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