Comcast (NASDAQ: CMCSA) reported better-than-expected fourth-quarter results last month that may be a harbinger of Walt Disney's (NYSE: DIS) report tomorrow. The two entertainment and media companies offer similar products and services and have both been beaten down by COVID-19 pandemic, but both have high earning power and similar stock returns. Let's see if we can mark down the differences and determine which one is a better buy.
Disney delivers entertainment in many formats. Its highest revenue-driver is usually its parks and experiences segment, which includes global theme parks, licensed products, and experiences such as cruises and resorts. After getting completely crushed at the beginning of the pandemic, revenue decreased 61% for this segment in the fourth quarter ended Oct. 3. Since then, while several parks have opened at limited capacity, the situation hasn't changed greatly, and investors shouldn't expect much improvement in the first-quarter report.
Image source: Walt Disney.
Source Fool.com