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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market harnessing the power of Bloomberg Data.

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Speaker 3: Let's check a look at some stocks on the move today.

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Speaker 3: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.

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Speaker 4: Okay, I want to start with Snap. This is the

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Speaker 4: biggest move of volume this Morning's down about nineteen percent.

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Speaker 4: It's the owner of Snapchat, the social media app. Second

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Speaker 4: quarter sales that were just shy of Wall Street's average estimates.

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Speaker 4: But the bigger news actually came on the call with investors.

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Speaker 4: The company points into this slowdown in advertising revenue growth,

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Speaker 4: and a big reason for that, they said, was this

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Speaker 4: technical issue they had with their ad buying tools that

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Speaker 4: happened earlier this year. So what happened is that the

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Speaker 4: company shipped an update to their advertising auction and it

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Speaker 4: invertedly allowed marketers to buy ads at substantially reduced prices.

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Speaker 4: So that was a big mistake.

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Speaker 3: This is five hundred and six people enjoying Santa Monica, California. Yeah,

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Speaker 3: Evan Spiegel, who's an item. I've never used snap? Lisa

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Speaker 3: is Yeah, it's.

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Speaker 4: The kids love it. Correct, Yeah, the kids love it.

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Speaker 4: It's they just like it better than all the others.

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Speaker 3: Oh, but she's a font to wisdom today.

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Speaker 1: I yes, tiktoky.

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Speaker 3: It's just unbelievable.

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Speaker 4: But it's a big thing for them because they get

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Speaker 4: like ninety percent of their revenue from advertising. So that

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Speaker 4: was a huge mistake. They said it's fixed and advertising

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Speaker 4: revenue growth has improved, but yeah, that was that was

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Speaker 4: a big mistake for them. Disney Okay, their shares have

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Speaker 4: been down two percent. Third quarter results disappointed some investors.

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Speaker 4: So on the bad side of things, revenue from conventional

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Speaker 4: TV network sports programming fell short. Income from conventional entertainment

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Speaker 4: TV fell twenty eight percent. Disney Film Studio suffered a

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Speaker 4: loss with sports programming folly short, though they did have

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Speaker 4: that announcement about the NFL acquiring a ten percent stake

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Speaker 4: in ESPN Sports programming. The good news for them a

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Speaker 4: strong performance in their theme park streaming business. Income at

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Speaker 4: the Theme parks division grew about thirteen percent of the

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Speaker 4: quarter revenue advance eight percent. The streaming business actually earned

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Speaker 4: a quarterly profit of three hundred and forty six million,

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Speaker 4: So good and bad on both sides of them.

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Speaker 1: For Disney, I mean, Disney is like everybody else. They're

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Speaker 1: just trying to say, hey, focus your tension on these

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Speaker 1: bright China objects. For us, it's streaming and it's theme parks,

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Speaker 1: which you're real they're gonna be huge. They are usually profitable,

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Speaker 1: get even more so with the streaming business, and just

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Speaker 1: kind of ignore the legacy cable networks, broadcast networks. And

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Speaker 1: in fact, a lot of companies are saying, we're just

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Speaker 1: gonna spin those things off.

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Speaker 4: So we don't have the movie, Like I'm surprised about

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Speaker 4: the movie.

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Speaker 1: Yeah, that stuff goes, comes and goes. You can't worry

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Speaker 1: about that.

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Speaker 3: So you know what they're worth when they spin them off.

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Speaker 1: We're gonna find out.

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Speaker 2: We're gonna get two big.

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Speaker 1: Transactions coming hitting the market. But if it's going to

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Speaker 1: be well below I think where their current stocks are

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Speaker 1: te okay, next.

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Speaker 4: All right, Advanced micro Devices taker AMD down more than

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Speaker 4: six percent before the bell. It's the second largest maker

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Speaker 4: of AI processors. Right, so analysts they saw the results

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Speaker 4: as mixed. Something they really looked closely at was a

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Speaker 4: company situation in China. They say, it's return to that

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Speaker 4: market is a little tough to predict. And the reason

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Speaker 4: why is because you remember, like the Trump administration, they

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Speaker 4: barred those shipments of the high quality chips of China

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Speaker 4: back in April. Then it reversed the course and that

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Speaker 4: raise hopes that AMD and in Video could resume sales,

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Speaker 4: but AMD CEO said that their licenses are still under review,

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Speaker 4: so you know, they didn't include any revenue from those

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Speaker 4: chips and their guidance.

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Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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