Thursday, November 14, 2024
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Disney (DIS) earnings This autumn 2024


Disney will report its fiscal fourth-quarter earnings sooner than the bell on Thursday, and Wall Street is perhaps paying shut consideration to the state of its streaming and theme parks corporations. Investors could even be listening for any particulars on the look for CEO Bob Iger’s successor.

Here is what Wall Street expects Disney to report on Thursday, in step with analysts polled by LSEG:

  • Earnings per share: $1.10 anticipated
  • Revenue: $22.45 billion anticipated

Wall Street has been paying shut consideration to streaming’s path to profitability. Last quarter Disney’s blended streaming enterprise, which consists of Disney+, Hulu and ESPN+, turned a income for the first time.

Subscriber improvement is perhaps prime of ideas, too, significantly as Disney’s opponents in present weeks have reported hefty subscriber options. Warner Bros. Discovery acknowledged Max added 7.2 million subscribers all through its most modern quarter, Netflix added 5 million prospects, and Comcast’s Peacock reported 3 million additions.

Still, media companies have begun to offer consideration to profit-driving measures, akin to ad-supported tiers and password sharing crackdowns.

“In the wake of huge subscriber gains at Max but deceleration at Netflix, all eyes are on Disney’s streaming numbers. The company is sure to experience a bump due to its password-sharing crackdown, but that will be short-lived,” acknowledged Mike Proulx, evaluation director and vp at Forrester.

The state of the theme park enterprise could even be prime of ideas. Theme parks have been experiencing a slowdown in shopper demand inside the U.S. Last quarter Disney reported flat attendance, notably at its U.S. parks.

Meanwhile, Disney currently launched it will possibly title CEO Iger’s substitute in early 2026, led by incoming chairman of the board, James Gorman. Investors is perhaps desirous to hearken to further particulars on the search.

This story is creating. Please confirm once more for updates.



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