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

Most of Disney's money is made away from the silver screen.

Disney Is Known for Blockbuster Movies, but It Makes Most of Its Money Somewhere Else

Barclays upgraded the stock to overweight with a $135 price target. An end to Disney's proxy battle with activist investors could benefit the stock in the near term.

Walt Disney Stock Has 17% Upside, According to 1 Wall Street Analyst

DraftKings

MGM Resorts

You don't have to be a sports fan to own sports betting stocks. You just have to do the math.

Slam Dunk Investments: 3 Sports Betting Stocks to Profit from March Madness Mania

Activist investor Nelson Peltz's firm Trian has reiterated that its proxy battle with Walt Disney Co (NYSE:DIS, ETR:WDP) is about the company's board, not about CEO Bob Iger and his leadership, but has reportedly withheld its votes for Iger's board re-election. Ahead of Disney's annual shareholder meeting being held on April 3, Trian has been campaigning to get two seats on Disney's 12-person board.

Nelson Peltz's firm reportedly withholds votes to re-elect Disney CEO Bob Iger to board

Nelson Peltz said today that his bitter proxy fight with Disney is “not about Mr. Iger, nor is it a referendum about his leadership” even as CNBC reported that his firm, Trian Partners, has withheld votes from the CEO, who is also a board nominee. Trian didn't respond to a request for comment.

Nelson Peltz Insists, Again, His Fight With Disney Is About The Board, Not Bob Iger – But It's A Fine Line

There's plenty of debate around Walt Disney Co.'s stock, but Barclays analyst Kannan Venkateshwar is now ready to side with the bulls.

Disney's stock has soared this year. Why this new bull says the rally has legs.

The shares of Walt Disney Co (NYSE:DIS) are 1.1% higher at $117.24 this morning, after a bull note from Barclays.

Analyst Implies 16.5% Upside for Disney Stock

Nelson Peltz has decided to not cast vote in favour of Bob Iger – chief executive of the Walt Disney Co (NYSE: DIS). Shares of the entertainment giant are in the green at writing.

Nelson Peltz to not cast vote in favour of Disney CEO Bob Iger

The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.

Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle

Disney's business is rebounding strongly from devastations caused by the pandemic and changing consumer viewing habits.

My Disney Stock Prediction for 2024

Nelson Peltz told Financial Times of his battle with Disney that he's "not trying to fire Bob Iger." He also acknowledged to the outlet it's "probably true" that he's a "bully billionaire.

Activist investor Nelson Peltz says it's 'probably true' that he's a 'bully billionaire'

Walt Disney Co on Friday said that remarks by activist investor Nelson Peltz criticizing the company for making movies dominated by female and Black actors is evidence that he shouldn't be on Disney's board.

Disney criticizes Peltz remarks about casting of 'Black Panther,' 'The Marvels'

Disney and its current CEO, Bob Iger, have secured the backing of Iger's onetime boss, former Chairman and CEO Michael Eisner.

Bob Iger And Disney Get Backing In Proxy Battle From Former CEO Michael Eisner

When Bob Iger returned to The Walt Disney DIS Company in November 2022, the world was shocked. Now, the company is looking to find its next CEO since the end of Iger's current contract is set to expire in 2026, and it's imperative that Disney select the right candidate.

Finding Disney's Next CEO Is A Growing Challenge. Here's Why

Corporate raider Nelson Peltz has aggressively pushed for two seats on the Walt Disney Co. (NYSE: DIS) board of directors.

Disney Shareholder Revolt Gets Support

In 2023, Disney (NYSE: DIS) faced extensive boycotts that significantly reduced its market capitalization and stock performance, with DIS stock hitting multiple lows in 2023, and erasing billions in market cap.

Number 1 hated stock last year is now up 30% in 2024; Here's why

Activist investor Nelson Peltz on Thursday received a mega-endorsement in his bid to join Walt Disney Co.'s board, as influential proxy advisory firm Institutional Shareholder Services threw its support behind him.

Proxy advisory firm ISS backs Nelson Peltz's bid to join Disney's board

The fight over who will help guide Disney, valued at $213 billion, is one of the year's most bitter and closely watched board battles.

Disney dealt stunning blow as activist investor Nelson Peltz lands big endorsement in bitter fight over who will help guide House of Mouse

Chapek said he believes Disney is planning on selling all or part of ESPN, and that Iger's move to split it from other entertainment is the first step.

Ousted Disney CEO Bob Chapek rips Bob Iger's plan to find strategic partner for ESPN

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today commented on a report published by Institutional Shareholder Services (ISS) in connection with the election of the company's director nominees at the Company's Annual Meeting on April 3, 2024: “While we're heartened to see support for Michael Froman and ISS's recommendation to withhold on dissident directors Jay Rasulo and the Blackwells' nominees, we strongly believe that ISS reached the wrong conclusion in its recent.

The Walt Disney Company Comments on ISS Recommendation

Peltz and his firm, Trian Fund Management, have asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board.

Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight

Institutional Shareholder Services, the influential proxy-advisory firm, recommended that Disney shareholders vote to add the activist investor to Disney's board.

Nelson Peltz Wins Key Endorsement in Disney Battle

In a blow to Walt Disney , activist Nelson Peltz received a powerful endorsement in his battle against the entertainment conglomerate on Thursday, when proxy advisory firm Institutional Shareholder Services (ISS) recommended shareholders elect him to the board.

ISS endorses activist Peltz for Disney board in bitter proxy fight

Walt Disney Co (NYSE:DIS, ETR:WDP) ex-chief executive Bob Chapek has slated current boss Bob Iger's thinking behind selling a stake in sports channel ESPN just weeks before shareholders will vote on the company's leadership. “Strategically, I don't really see a benefit in bringing on yet another minority partner into ESPN,” he told CNBC, after Iger signalled last year a stake could be sold ahead of the rollout of a new direct-to-consumer offering, expected in 2025.

Disney ex-boss slates Bob Iger over ESPN divestment as proxy battle rages

CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on ESPN's future.

News for Disney Stock (DIS)