Disney Unveils Quarterly Earnings: Streaming Growth and Theme Park Trends in Focus


Disney’s Moment of Truth: Fiscal Q2 Report on Deck

Prepare to dive into the enchanting realm of Disney, as the entertainment giant prepares to unveil its fiscal second-quarter earnings before the market opens on Tuesday. LA News Center’s analysts are eagerly awaiting updates on the company’s streaming empire and the bustling realms of its theme parks.

Since CEO Bob Iger’s strategic reorganization, Disney has faced a few daunting challenges: a staggering number of layoffs, billions in cost reductions, and a successful proxy fight against Trian Partners. Now, the company faces the scrutiny of Wall Street.

Wall Street’s Expectations

According to LSEG, analysts anticipate Disney to report:

  • Earnings per share: Estimated .10
  • Revenue: .11 billion projected

Streaming Stardom: Disney+ in the Spotlight

Disney+’s streaming subscriber count remains a central focus. BofA Securities predicts profitability for the service by the fourth quarter of 2024. Previous reports indicate a narrowing of losses in the direct-to-consumer unit to 6 million, compared to .05 billion during the same period last year.

Despite a slight decline in core subscribers due to price adjustments, Disney reported an increase in average revenue per user. Investors eagerly await updates on the Hulu-Disney+ merger and the valuation of Comcast’s stake in Hulu.

Theme Park Adventures: Orlando’s Ups and Downs

Disney’s theme parks have also fallen under the microscope. Deutsche Bank reports decreasing attendance at Orlando’s parks last year. However, Comcast’s recent announcement of slower growth at Universal Orlando presents an opportunity for Disney’s new cruise ship venture.

Comcast Disclosure

LA News Center acknowledges the ownership of NBCUniversal and CNBC by Comcast.

Live Updates and Breaking Developments

Stay tuned for live updates as the earnings report unfolds. LA News Center will keep you abreast of the latest twists and turns in the Disney saga.

Data sourced from: cnbc.com