Disney's debt outlook stable, but Fitch warns theme park and cruise line investments could pressure cash flow.
beat sheet
Fitch forecasts Disney's upcoming $5B payment to Comcast for Hulu acquisition will be largely debt-financed.
Fitch expects Disney's direct-to-home streaming division to generate around $1B in operating income by fiscal 2025, offsetting linear TV network declines.
call sheet
David Schwimmer, Fitch Ratings, Comcast Corp., Warner Bros. Discovery, Paramount Global, 'Goosebumps'