Disney+ Subscribers

ESPN+ Subscribers

Hulu Subscribers

Subscribers

Revenue segments as reported by the company.

Parks, Experiences & Consumer Products

Disney Media and Entertainment Distribution

Entertainment

Sports

Experiences

Eliminations

Contract License Early Termination

Media Networks

Studio Entertainment

DTC & International

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Costs & Expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Disney

Lucasfilm, is an American film and television production company based in the Letterman Digital Arts Center in San Francisco, California. The studio is best known for creating and producing the Star Wars and Indiana Jones franchises, as well as its leadership in developing special effects, sound and computer animation for film. Lucasfilm was founded by filmmaker George Lucas in 1971 in San Rafael, California; most of the company's operations were moved to San Francisco in 2005. The Walt Disney Company acquired Lucasfilm in 2012 at a valuation of $4.06 billion.

Lucasfilm

ESPN (originally an initialism for Entertainment and Sports Programming Network) is a U.S.-based global cable and satellite sports television channel owned by ESPN Inc., a joint venture owned by The Walt Disney Company (80%) and Hearst Communications (20%). The company was founded in 1979 by Bill Rasmussen along with his son Scott Rasmussen and Ed Egan.

ESPN

The American Broadcasting Company (ABC) is an American commercial broadcast television network that is a flagship property of Disney–ABC Television Group, a subsidiary of the Disney Media Networks division of The Walt Disney Company. The network is headquartered on Columbus Avenue and West 66th Street in Manhattan, New York City. There are additional major offices and production facilities elsewhere in New York City, as well as in Los Angeles and Burbank, California.

Marvel Studios, is a motion picture studio and is a subsidiary of Walt Disney Studios, itself a wholly owned division of The Walt Disney Company, with film producer Kevin Feige serving as president. Previously, the studio was a subsidiary of Marvel Entertainment until Disney reorganized the companies in August 2015.

Marvel Studios

A&E Networks (branded as A+E Networks) is a US media company that owns a group of television channels available via cable & satellite in the U.S. and abroad. A&E stands for Arts & Entertainment. The company is a joint venture with Hearst Communications and Disney–ABC Television Group, a unit of The Walt Disney Company.

A&E Networks

FUSION is a television cable and satellite news and satire channel owned by Fusion Media Group, an American multi-platform media company that is owned by Univision Communications, which relies in part on the resources of its parent company's news division, Noticias Univision. In addition to conventional television distribution, Fusion is also streamed online and on mobile platforms to subscribers of participating cable and satellite providers.

Fusion

Pixar, also referred to as Pixar Animation Studios, is an American computer animation film studio based in Emeryville, California that is a subsidiary of The Walt Disney Company. Pixar began in 1979 as the Graphics Group, part of the Lucasfilm computer division, before its spin-out as a corporation in 1986, with funding by Apple Inc. co-founder Steve Jobs, who became the majority shareholder. Disney purchased Pixar in 2006 at a valuation of $7.4 billion, a transaction that resulted in Jobs becoming Disney's largest single shareholder at the time. Pixar is best known for CGI-animated feature films created with RenderMan, Pixar's own implementation of the industry-standard RenderMan image-rendering application programming interface, used to generate high-quality images.

Pixar

Touchstone Pictures is an American film distribution label of Walt Disney Studios Motion Pictures. Previously, Touchstone operated as an active film production banner of Walt Disney Studios, owned by The Walt Disney Company. Established on February 15, 1984 by then-Disney CEO Ron W. Miller as Touchstone Films, similar to the defunct label Hollywood Pictures, it typically releases films targeted to adult audiences with more mature themes and darker tones than those released under the Disney name. Touchstone Pictures merely serves as a brand and not a distinct business operation, and does not exist as a separate company.

Touchstone Pictures

Hulu (stylized as hulu) is an American subscription video on demand service owned by Hulu LLC, a joint venture with The Walt Disney Company (through Disney Direct-to-Consumer and International)[7] (30%), 21st Century Fox (30%), Comcast (through NBCUniversal) (30%), and as of August 10, 2016, Time Warner (through Turner Broadcasting System) (10%). Through an acquisition announced in December 2017, Disney will acquire Fox's partial ownership, giving it a majority stake when the deal closes.

Hulu

The Walt Disney Co. engages in the business of international family entertainment and media enterprise. It owns and operates television and radio production, distribution and broadcasting stations, direct-to-consumer services, amusement parks, and hotels. It operates through the following business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Disney focuses on streaming growth and cost savings for profitability

Disney's strategic transformation aims to drive sustained growth and profitability through cost savings and a focus on core business segments.
The company's strong performance in key segments, successful content releases, and strategic partnerships position it well for future success.
While facing challenges in restructuring and content distribution, Disney is leveraging opportunities in streaming, brand strength, and content licensing for growth.
Overall, Disney's focus on core brands, content curation, and customer experience enhancement aligns with its vision for future success and profitability.

Disney focuses on streaming profitability and parks growth strategies

Disney is strategically aligning its businesses for sustained growth, focusing on cost-cutting, audience engagement, and profitability in streaming services. The company's strong financial performance, diverse content portfolio, and focus on innovation position it well for future success amidst industry challenges and opportunities.

Disney focuses on DTC growth and strategic partnerships for future

Disney's Q3 earnings call highlighted transformation efforts, strong DTC and Parks performance, and strategic initiatives for growth. Challenges in content sales and linear networks were acknowledged, with opportunities in partnerships and pricing strategies. Company prioritizes liquidity, profitability, and smart capital allocation.

Disney triples Q4 earnings, eyes streaming growth and cost efficiency

Disney's strong financial performance in Q4 and fiscal 2023, driven by growth in streaming and experiences businesses, sets the stage for continued success.
Efforts to streamline operations, reduce costs, and focus on core brands and franchises position Disney for long-term sustainability and growth.
Anticipated investments in experiences business and strategic priorities to transform ESPN into a digital sports platform highlight Disney's commitment to innovation and expansion.
Exploration of partnerships, cost-saving measures, and focus on content quality present avenues for Disney to capitalize on emerging opportunities and navigate challenges effectively.

Disney excels in Q1 with strong financials and strategic focus

Disney's Q1 2024 Earnings Call highlighted strong financial performance, strategic initiatives in digital sports and streaming, and a focus on enhancing content quality and subscriber growth. While facing challenges in a competitive landscape and potential cord-cutting impacts, the company is well-positioned to leverage opportunities in gaming partnerships, direct-to-consumer expansion, and park investments.

Disney reports strong Q2 performance and strategic growth initiatives

Disney's Q2 performance was robust, with strong growth in adjusted EPS and profitability in streaming.
The company is strategically investing in content and cost efficiency while exploring new opportunities.
Challenges include content licensing decisions and replicating partnership success.
Overall, Disney remains focused on growth, shareholder returns, and a balanced content strategy.

Disney reports 2% revenue growth in Q3, streaming success highlighted

Disney's Q3 2024 earnings call highlighted revenue growth driven by park IP and streaming success.
The company faces challenges in managing costs, content spending balance, and maximizing profitability.
Opportunities lie in capitalizing on streaming services, global park demand, and strategic partnerships.
Analysts' inquiries focused on Disney's financial outlook, pricing power, and growth strategies for key segments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Walt Disney NYSE: DIS faces headwinds like any other business, but its brand strength and operational resilience shine through. CEO Bob Iger delivered another quarter of improvements and raised guidance for earnings, which suggests a sell-the-news/buy-the-dip event is in progress.

Buy The Dip in Disney After Magical Profit Beat

Palantir Technologies

Stock index futures were little changed before the opening bell Tuesday as investors digest a flurry of earnings reports and await more comments from Fed officials that could provide an indication of when interest rates might be cut.

Dow Jones Today: Stock Index Futures Little Changed; Disney and Palantir Tumble After Earnings Reports

In a much-needed win for the Mouse House, the Walt Disney Company has announced that its Disney Plus streaming service has become profitable for the first time in its history. Disney made the announcement when it revealed its Q2 2024 earnings before the bell this morning.

Disney Plus just became profitable for the first time, a positive sign for streaming TV

Disney will add select live games and studio shows from ESPN to its flagship streaming service Disney+ by the end of 2024, CEO Bob Iger announced this morning.

ESPN Programming Coming To Disney+ By Year-End; Bob Iger Calls It A “First Step” Toward Flagship Sports Launch In 2025

Walt Disney (DIS) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $0.93 per share a year ago.

Walt Disney (DIS) Q2 Earnings Beat Estimates

Shares of the entertainment and media conglomerate The Walt Disney Company (DIS) fell in premarket trading Tuesday after the release of second-quarter results that were in line with revenue expectations, but missed earnings estimates.

Disney Falls as Charges Cause Net Loss Despite Surprise Streaming Profit

Disney's second-quarter results showed an improving streaming business and a rapidly declining linear TV unit

The streaming future Disney promised is finally here as cable TV decays

Walt Disney Co (NYSE:DIS, ETR:WDP) raised its full-year earnings outlook after quarterly results mostly came in higher Wall Street forecasts as parts of its streaming business turned a first profit.  Revenues for the second quarter of the House of Mouse's fiscal year increased to $22.08 billion from $21.8 billion a year earlier, roughly in line with analyst estimates.

Disney hikes outlook as Shogun and Bluey boost streaming nmbers

The Walt Disney Company reported some very disenchanting numbers in its second quarter 2024 financial results today on May 7th, compared with previous quarters. The financial results   Among other results, the company reported $657 million in income (before income taxes), a decrease of 69% year-on-year (YOY).

The Walt Disney Company income drops 69% and EPS plummets in disappointing earnings

Walt Disney's streaming entertainment unit posted its first profit on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share outlook as it said turnaround efforts were yielding results.

Disney posts surprise profit in streaming, raises earnings forecast

Disney topped Wall Street forecasts for its fiscal second quarter and inched closer to the long-awaited milestone of streaming profitability. Revenue for the quarter ended March 30 increased to $22.1 billion from $21.8 billion in the year-earlier period. Excluding items, diluted earnings per share for the quarter increased to $1.21 from 93 cents.

Disney Posts Better-Than-Expected Quarterly Results, Nears Streaming Profitability Goal

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended March 30, 2024. Financial Results for the Quarter: Revenues for the quarter increased to $22.1 billion from $21.8 billion in the prior-year quarter. Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year quarter. Diluted EPS decreased to a nominal loss due to goodwill impairments in the quarter, partially o.

The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2024

The entertainment giant added streaming customers as it swung to a loss as a result of a charge from an India media venture.

Disney Pares Streaming Losses, Takes Hit From India Deal

This will be the company's first earnings call since it won a proxy fight against Trian Partners.

Disney quarterly results are on deck. Here's what to expect

Apple

Chevron

U.S. Federal Reserve left its benchmark overnight borrowing rate unchanged but kept hopes of rate cuts in the coming months alive on May 1st (read more). Here are the three most active stocks on Dow Jones since the central bank's announcement.

4 most active stocks on Dow Jones after US Fed kept interest rates unchanged

Attention will be on Disney later Tuesday morning as the entertainment giant releases its highly-anticipated second-quarter earnings to investors.

Disney earnings: CEO succession, ABC turmoil and streaming key for investors

UPDATE—May 6, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

What You Need To Know Ahead of Disney's Earnings Report Tuesday

Walt Disney Co (NYSE:DIS, ETR:WDP) will hand down its fiscal second quarter financial results before the stock market opens on Tuesday, May 7, and analysts see the company reporting year-over-year growth on the top and bottom lines. The entertainment and theme park giant is expected to report revenue of $22.11 billion, up 1.3% year-over-year.

Disney has analysts bullish ahead of its fiscal second quarter earnings report

Disney stock has lost 40% of its value over the last three years. A Loop Capital analyst thinks now's the time to buy Disney as it begins buying back shares at deeply discounted prices.

Is Disney Stock Going Back to $140? 1 Wall Street Analyst Thinks So

Amazon

American Express

Since last October, the Dow Jones Industrial Average has been riding another bull market higher. The venerable index gained 23% through March while regularly achieving new all-time highs.

Dow Dominators: 3 Blue-Chip Stocks Crushing the Market in 2024

Netflix

Paramount Global

Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook.

Video streaming services see downloads, active users drop in April, BofA report shows

Analysts lifted Disney stock price targets, citing rebounding theme park traffic. Disney earnings are early Tuesday.

Disney Stock Rallies Ahead Of Earnings As Analysts Hail Rebounding Theme Park Traffic

Comcast

Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to people familiar with the matter.

Exclusive: Disney and Comcast seek advisor to resolve Hulu valuation, sources say

This article is not a specific pre-/post-earnings discussion, but rather examines Disney from a strategic long-term perspective (based on information available prior to Q2/24 Earnings).

Disney And The Swift-Effect

Coupang

Amazon's profits are booming, and this newfound prosperity could fuel great returns for investors. With Bob Iger back as CEO, Disney's segments are starting to work together effectively.

News for Disney Stock (DIS)