Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Disney (NYSE: DIS) has recently achieved significant success in the gaming industry with the launch of Marvel Rivals, a new collaboration with NetEase Games.
The superhero-themed game has captivated a massive audience, reaching 20 million players within two weeks of its release. Available on multiple platforms, including PC, PlayStation 5, and Xbox Series X/S, Marvel Rivals leverages the popularity of Marvel characters to draw in fans. Featuring iconic figures from the Marvel Cinematic Universe (MCU), such as Iron Man and Scarlet Witch, as well as comic book favorites like Cloak and Dagger, the game offers a rich experience set in the expansive Marvel Universe.
Disney’s Marvel Rivals Hits 20 Million Players Within 2 Weeks of its Release
Marvel Rivals is a team-based player versus-player (PVP) shooter, allowing fans to engage in battles using their favorite superheroes. The game debuted on Steam with an impressive 444,000 players, showcasing its immediate appeal.
Its success is attributed mainly to the enduring popularity of Marvel superheroes and the franchise’s global influence, which has generated over $30 billion in revenue. The game’s ability to incorporate well-known MCU characters and lesser-known comic book heroes has broadened its appeal, attracting a diverse audience of players.
The success of Marvel Rivals is part of a larger narrative of Disney’s strategic investments in the Marvel brand. Acquired in 2009 for $4 billion, Marvel has been a significant contributor to Disney’s portfolio.
The franchise’s influence extends beyond gaming, with Marvel Studios’ “Deadpool & Wolverine” becoming the second-highest-grossing movie of 2024, earning $1.34 billion. As of December 9, 2024, the game has reached 10 million players globally, further solidifying Marvel’s status as a powerhouse in entertainment.
Disney Stock Brief
Disney’s financial performance has been bolstered by its gaming and entertainment ventures. The company reported a 6% increase in fiscal fourth-quarter 2024 revenue, reaching $22.57 billion and surpassing analyst expectations. This strong performance contributed to a 25% increase in Disney’s stock price year-to-date.
The stock opened at $113.34 on December 18, 2024, and reached a current price of $115.61 at the time of writing, showing a positive trend.
Disney’s stock is supported by solid financial metrics, including a market capitalization of $209.36 billion and a forward P/E ratio of 19.03. The company’s dividend rate stands at $0.9, with a yield of 0.82%. Analysts have set a target mean price of $122.59, with a recommendation to buy.
The stock’s recent performance, coupled with its strong financials, positions Disney favorably in the market. Investors are optimistic about Disney’s continued growth, driven by its successful integration of entertainment and gaming assets.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
Disney’s Marvel Rivals gaming collaboration with NetEase Games has attracted 20 million players in two weeks. Read More