Disney (DIS) reported its first-quarter earnings on Wednesday, with adjusted earnings per share of $1.22 beating expectations of $0.99, but revenue missed estimates with $23.55 billion versus an expected $23.8 billion. With so many different investments announced, from Fortnite to a new sports app, as well as dealing with a board seat battle, questions around Disney's future performance come into question.
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan joins Yahoo Finance anchors Josh Lipton and Julie Hyman to discuss the mixed quarterly earnings from Disney and how the company is juggling the many challenges it faces.
In terms of whether or not these earnings will satisfy activist investors, Ranganathan says: "Twenty percent EPS growth, where do you get that in old media right now? If this doesn't satisfy Nelson Peltz, I don't know what will. Bob Iger has obviously done everything that he can. Yes, he does have more things to do in terms of reinvigorating the content pipeline, the movies haven't been doing very well, but he is absolutely working when it comes to articulating a new ESPN strategy. We obviously saw that with the new sports bundle. We're seeing some tangible results when it comes to streaming profitability."

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