First reactions to Disney earnings

So why is this down premarket? I think there are technical reasons, but I can also find a (very) few things that might give folks complaints:

=Content sales revenue not good this Q, no major movies out.

=Impairment charge on some Indian thing and linear networks - this was the reason for the EPS "loss" but the adjusted EPS beat.

=Linear networks and ESPN continue to wither, tho CFO says they are taking costs ouy

=Overall revenue only grew 1%. Could be an algo sales reaction premarket to this.

=Whatever is going to happen with Hulu

Aside from that? Well there's a lot to like. So maybe premarket will reverse, but I mentioned there are technical headwinds possible. Some of the good numbers:

=Cash flow story very good. 6mo YOY FCF up a lot. No going concerns issues here

=Dis+ subscribers grew, revenue up, AND profitability metrics turned from loss to not-quite-profit. A surprise to see the subscriber growth TBH. I need to check ARPU still.

=Parks are doing just fine, per normal.

=Excluding one time goodwill impairment, EPS beat by over 10%

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