A statue of Walt Disney and Mickey Mouse stands in a backyard in entrance of Cinderella’s Citadel 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 Road shall be paying shut consideration to the state of its streaming and theme parks companies. Buyers will even be listening for any particulars on the seek for CEO Bob Iger’s successor.
Here’s what Wall Road expects Disney to report on Thursday, in keeping with analysts polled by LSEG:
- Earnings per share: $1.10 anticipated
- Income: $22.45 billion anticipated
Wall Road 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 shall be prime of thoughts, too, particularly as Disney’s rivals in current weeks have reported hefty subscriber positive aspects. Warner Bros. Discovery mentioned Max added 7.2 million subscribers throughout its most up-to-date quarter, Netflix added 5 million prospects, and Comcast’s Peacock reported 3 million additions.
Nonetheless, media firms have begun to deal with profit-driving measures, reminiscent of ad-supported tiers and password sharing crackdowns.
“Within the wake of big subscriber positive aspects at Max however deceleration at Netflix, all eyes are on Disney’s streaming numbers. The corporate is bound to expertise a bump resulting from its password-sharing crackdown, however that shall 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, notably at its U.S. parks.
In the meantime, Disney not too long ago introduced it can title CEO Iger’s substitute in early 2026, led by incoming chairman of the board, James Gorman. Buyers shall be eager to listen to additional particulars on the search.
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