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

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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

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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.

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

Alphabet

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DraftKings

Penn Entertainment

Penn Entertainment's ESPN Bet presents a transformative opportunity in the sports betting market. DraftKings has demonstrated resilience and strong growth in a competitive landscape.

4 Things Investors Need to Know Before Betting Big Amid Sportsbook Rivalry

Disney had previously offered a bundle of Disney+ and Hulu, but Wednesday's release is part of a push to integrate the two platforms.

Disney+ adding Hulu integration as streaming bundles accelerate

Agilent Technologies

Autodesk

Bank of America

Biogen

Bank of New York Mellon

Bristol-Myers

Core Laboratories Inc

Comcast

Compass Minerals

Campbell Soup

Corteva Inc

Equifax

Estee Lauder

Emerson Electric

Etsy

Gilead Sciences

Huntington Ingalls Industries

Harley-Davidson

Honeywell

Intercontinental Exchange

International Flavors & Fragrances

Keysight

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison. We share the heat map of the most investable candidates that may be worth your time for further analysis.

U.S. Wide-Moat Stocks On Sale - The December 2023 Heat Map

ESPN and Turner Sports have shared NBA media rights since 2002 and are in an exclusive negotiating window to renew into the 2030s.

Disney's ESPN wants to keep the NBA, but could the price be too high?

Walt Disney began offering Hulu as part of its namesake streaming service on Wednesday, bolstering Disney+'s family-friendly content with more general entertainment fare, such as FX's intense kitchen drama "The Bear" and the popular reality show "The Kardashians."

Disney begins integrating Hulu into Disney+ streaming service

While Disney (NYSE: DIS ) consumers may perceive the company operating as usual, shareholders understand the challenges beneath the surface. There's plenty to be concerned about from industry strikes to streaming hurdles.

Disney's Comeback Tale: Is DIS Stock Poised for a Magical Rebound?

Advanced Micro Devices

Alibaba

Enphase Energy

Palantir Technologies

PayPal

Certain stocks shape the investment landscape of the coming year. These are the stocks to buy for 2024.

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Disney's decision to reinstate the dividend is questionable given the company's recent struggles. The $1.10 billion dividend could have been better allocated to invest in Disney+ to make it profitable, invest in quality content, improve the theme parks, or reduce debt. The dividend may not have a significant impact on shareholders and does not address the underlying problems facing the company.

Disney: Issuing The Dividend Is An Inefficient Way To Allocate Capital

“Soul,” “Turning Red” and “Luca” will all play in theaters for the first time in 2024 after they initially premiered on Disney+.

Pixar's Pandemic Streaming Hits Coming To Theaters Amid Disney Box Office Woes

Charter Communications

Nearly three months after Charter Communications and Disney struck a landmark distribution deal, Charter CFO Jessica Fischer said it “absolutely” has created a template for future agreements. “We're not willing to make our customers pay twice for content,” the exec said during an appearance at the UBS Media and Communications Conference in New York.

Spectrum-Disney Deal “Absolutely” Created Blueprint For Future Carriage Deals, Charter CFO Says; Q4 Broadband Subscriber Loss Warning Hits Stock

The Walt Disney Company (NYSE:DIS) activist investor Ancora Holdings Group in a letter to shareholders on Tuesday has urged the company to add Nelson Peltz and his asset management firm Trian Fund Management to its board.   The letter comes just days after activist investor Peltz and Trian, which owns about $3 billion in Disney stock, launched a proxy fight against the entertainment giant after failing to win two seats on Disney's board.

Disney activist investor Ancora Holdings urges appointment of Nelson Peltz to board

General Motors

Intuit

Optics show blue-chip stocks are trending in vogue with investors, as the market rally broadens out beyond technology companies. The Dow Jones Industrial Average (DJIA), comprised of 30 blue-chip securities, rose 8% in November for its best month since October 2022.

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Activist Walt Disney Co. DIS, -2.14% investor Ancora Holdings Group on Tuesday exhorted the company to put Nelson Peltz on its board, days after Peltz and his firm, Trian Fund Management, launched a proxy fight with Disney.

Activist investor calls on Disney to add Nelson Peltz to board

Walt Disney Co (NYSE: DIS) is in focus this morning after Ancora urged the entertainment conglomerate to add Nelson Peltz to its board.

Ancora: Nelson Peltz would be a ‘fantastic addition to Disney's board'

Activist investor Ancora wants Trian's Nelson Peltz to join Disney's board.

Activist investor urges Disney to add Trian's Nelson Peltz to its board

Revenue and profits at Disney's cable TV operations are now consistently contracting. Even its sport-focused powerhouse channel ESPN appears to be on the defensive.

Here's Walt Disney's Biggest Problem to Solve in 2024 (and It's Not the Nelson Peltz Proxy Fight)

Netflix

Streaming customers are likely to see more familiar faces and less megabudget content in the coming year.

Netflix, Disney and other big streaming names are shifting their strategy. What can you expect?

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), which has approximately $8.7 billion in assets under management and is a shareholder of The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”), today issued an open letter to fellow shareholders regarding the state of the Company's Board of Directors (the “Board”). *** Fellow Shareholders, Ancora is a shareholder of Disney because its brand, entertainment assets and media holdings c.

Ancora Issues Letter to Fellow Shareholders of The Walt Disney Company Regarding the Value of Adding an Investor Representative to the Board

Bob Iger talked candidly about some of Disney's lackluster box office performances and the entertainment giant's output at a recent conference.

News for Disney Stock (DIS)