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

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 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

Earnings data Q1 2025

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.

Disney reports robust Q4 results, focuses on streaming and Experiences growth

Disney's Q4 earnings call highlights strong performance across key segments, creative content offerings, and strategic investments. While facing challenges in certain areas, the company is focused on leveraging opportunities in streaming, DTC margins, and international expansion. Overall, Disney remains optimistic about its growth trajectory and future prospects.

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Book value per share

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Free cash flow

A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani's entertainment ambitions with streaming tech prowess and lucrative cricket rights.

Technology and cricket big wins for billionaire Ambani in Disney tie-up

Disney is investing $1.5 billion in Epic Games in what could be a key move for the business. The details have a metaverse-like feel to them, even if the company isn't using that word.

The 9-Letter Word Disney Doesn't Want to Mention but Could Be a Big Part of its Future Growth

Disney announced Wednesday that the companies will be merging their respective Star India and Viacom18 units into a newly created Star India joint venture.

Disney's $8.5 billion Reliance merger is a streaming wars win in sports-obsessed India

The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country's on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challenges to Netflix, Amazon's Prime Video, Apple, Sony and Zee.

Reliance-Disney India media merger to control 85% of streaming, half of TV audience

The $8.5 billion merger of Reliance and Walt Disney media assets was dealt its biggest setback yet after an initial assessment by India's antitrust body noted that the combination could hurt competition due to their dominance over cricket rights.

Disney-Reliance Indian merger: Who are the main rivals?

The Reliance-Disney India merger has attracted Nita Ambani, wife of Reliance boss Mukesh Ambani, back into mainstream business as the new company's chair, where her experience in arts and sports, and ties with Bollywood could come in handy.

Reliance-Disney India merger draws Nita Ambani back to business spotlight

Disney announced it would merge its India operations with the country's largest conglomerate, billionaire Mukesh Ambani's Reliance Industries, in a $8.5 billion deal that will create one of the world's largest media ventures—and signals a small retreat from the India market by Disney.

What We Know About The $8.5 Billion Disney Merger With Reliance In India

Disney on Wednesday announced plans to combine its India media operations with Reliance in an $8.5 billion joint venture. Disney stock nears buy point.

Disney Grants Exclusive India License In $8.5 Billion Joint Venture

In the biggest setback so far to Disney and Reliance's plans to strike a $8.5 billion India media assets merger, the country's antitrust body has reached an initial assessment that the deal harms competition due to their power over cricket rights, four sources told Reuters on Tuesday.

Assets of Reliance and Disney whose India media merger faces scrutiny

Indian billionaire Mukesh Ambani's Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating a $8.5 billion powerhouse in the world's most populous nation.

Reliance, Disney to dominate Indian entertainment with streaming, TV assets

Disney said it has struck a deal to form a joint venture, valued at $8.5 billion, that will combine its Star India business with Viacom18, an Indian media company.

Disney to Form India Joint Venture Valued at $8.5 Billion

Walt Disney Co is in focus today after announcing plans of merging its Indian business with Reliance Industries. The merger puts together Star India and Viacom18 to create an entertainment giant valued at about $8.5 billion.

Disney to merge Indian media business with Reliance

Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday.

Disney and Reliance to merge media businesses in India in $8.5 billion joint venture

Disney and Reliance have announced an anticipated deal in India to merge their respective digital streaming and television assets, creating “a world class leader across entertainment and sports, the companies said today. Reliance will invest ₹11,500 crore ($14 billion) in the JV,  Disney will provice content.

Disney And Reliance Clinch Joint Venture In India

Walt Disney Co. DIS, +1.62% announced Wednesday an agreement with India's Reliance Industries Ltd. 500325, -2.07%, Viacom 18 Media Private Ltd.

Disney teams with India's Reliance Industries to form $8.5 billion streaming JV for India market

MUMBAI, India & BURBANK, Calif.--(BUSINESS WIRE)--Reliance Industries Limited (“RIL”), Viacom 18 Media Private Limited (“Viacom18”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced the signing of binding definitive agreements to form a joint venture (“JV”) that will combine the businesses of Viacom18 and Star India. As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangemen.

Reliance and Disney Announce Strategic Joint Venture to Bring Together the Most Compelling and Engaging Entertainment Brands in India

India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an entertainment juggernaut far ahead of rivals in the world's most populous nation.

Reliance, Walt Disney to merge media assets in India

BURBANK, Calif.--(BUSINESS WIRE)--Bob Iger, Chief Executive Officer, The Walt Disney Company (NYSE: DIS) will participate in a question-and-answer session at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5, 2024 at approximately 1:15 p.m. ET/ 10:15 a.m. PT. To stream live, please visit www.disney.com/investors. A recording of the question-and-answer session will be archived on our website.

Bob Iger, CEO of The Walt Disney Company, to Participate in the Morgan Stanley Technology, Media & Telecom Conference

Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries and Walt Disney merge their India media assets, two sources familiar with the plans said.

Nita Ambani likely to be chair of India's merged Reliance-Disney media business-sources

Walt Disney appealed directly to shareholders in its battle with activist investor Nelson Peltz, publishing a point-by-point refutation of claims made by the head of Trian Fund Management on the company's Vote Disney website on Tuesday.

Disney goes on the offensive in proxy battle with activist Nelson Peltz

Disney's improving financial results pushed the stock back above the $100 level this month. Tigress Financial analyst Ivan Feinseth sees the stock reaching $136.

Walt Disney Stock Has 26% Upside, According to This Wall Street Analyst

Alphabet

Walmart

As earnings season rolls on, analysts are busy updating their price targets and ratings on the stocks that they cover. While many stocks have gotten downgraded after issuing subpar financial results, others are seeing their ratings and price targets get a well-deserved boost from the analyst community.

Analyst Upgrades: 3 Stocks That Just Got a Boost From Wall Street

David Greenbaum has been named to the newly created role of president, overseeing Disney Live Action and 20th Century studios, reporting to Disney Entertainment co-Chairman Alan Bergman, Walt Disney Studios announced on Monday.

Walt Disney Studios names Greenbaum as president

Investors can learn much by paying attention to how corporate insiders handle positions in their own companies.

CEO Bob Iger Slashes Disney Stake by 80%

Penn Entertainment

PENN's recent 13% stock crash reflects the market unease over higher-than-expected Q4 losses and doubts about the $400 million investment in ESPN Bet, showcasing investor skepticism. Penn's retail segment though is underappreciated with 43 properties and estimated cumulative free cash flow of ~$1.7 billion over three years. Despite ESPN Bet uncertainties, I believe PENN stock is trading at over a 100% discount to the intrinsic value of its retail segment.

News for Disney Stock (DIS)