A statue of Walt Disney and Mickey Mouse stands in a backyard in entrance of Cinderella’s Fort on the Magic Kingdom Park at Walt Disney World on Could 31, 2024, in Orlando, Florida.
Gary Hershorn | Corbis Information | Getty Photos
Disney will report its fiscal fourth-quarter earnings earlier than the bell on Thursday, and Wall Avenue will likely be paying shut consideration to the state of its streaming and theme parks companies. Traders will even be listening for any particulars on the seek for CEO Bob Iger’s successor.
Here’s what Wall Avenue expects Disney to report on Thursday, in line with analysts polled by LSEG:
- Earnings per share: $1.10 anticipated
- Income: $22.45 billion anticipated
Wall Avenue has been paying shut consideration to streaming’s path to profitability. Final quarter Disney’s mixed streaming enterprise, which consists of Disney+, Hulu and ESPN+, turned a revenue for the primary time.
Subscriber progress will likely be prime of thoughts, too, particularly as Disney’s rivals in latest weeks have reported hefty subscriber positive factors. Warner Bros. Discovery mentioned Max added 7.2 million subscribers throughout its most up-to-date quarter, Netflix added 5 million clients, and Comcast’s Peacock reported 3 million additions.
Nonetheless, media firms have begun to deal with profit-driving measures, equivalent to ad-supported tiers and password sharing crackdowns.
“Within the wake of big subscriber positive factors at Max however deceleration at Netflix, all eyes are on Disney’s streaming numbers. The corporate is certain to expertise a bump on account of its password-sharing crackdown, however that will likely be short-lived,” mentioned Mike Proulx, analysis director and vice chairman at Forrester.
The state of the theme park enterprise will even be prime of thoughts. Theme parks have been experiencing a slowdown in client demand within the U.S. Final quarter Disney reported flat attendance, significantly at its U.S. parks.
In the meantime, Disney lately introduced it’ll identify CEO Iger’s substitute in early 2026, led by incoming chairman of the board, James Gorman. Traders will likely be eager to listen to additional particulars on the search.
This story is creating. Please examine again for updates.
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