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

A recent ruling against Venu Sports has put the cable bundle's business model in the crosshairs. Pay-TV packages have become increasingly bloated and costly, which has lead to more cord-cutting.

DirecTV is on the warpath against Disney in a battle it says is existential for cable TV

Walt Disney Co is in talks with pay-TV provider DirecTV to renew a contract that could result in channels like ABC and ESPN being blacked out as early as Sept. 1 if an agreement between them is not reached, Bloomberg News reported on Monday.

DirecTV looks to renew pay-TV rules in Disney talks, Bloomberg News reports

Disney convinced a federal judge in California on Monday to reverse a jury's $600,000 verdict that it misused another company's motion-capture technology in its 2017 live-action remake of "Beauty and the Beast".

Disney wins bid to overturn $600k 'Beauty and the Beast' copyright verdict

The consumer entertainment giant has some parts of its business that would likely hold up fine, and others that wouldn't.

Would Walt Disney Be a Great Investment in a Recession?

Key Points: Disney's streaming services face tough competition with limited pricing power.

Disney (NYSE: DIS) Is Simply Limping Along Now

Disney's market cap and revenue dwarf Sphere Entertainment's. Valuation-wise, both stocks look surprisingly affordable at the moment -- but for starkly different reasons.

Best Stock to Buy Right Now: Sphere Entertainment vs. Walt Disney

Disney has U-turned on a bid to dismiss a wrongful death lawsuit in the US by relying on the terms of service for a simple streaming trial.

Disney wrongful death legal case exposes potential pitfalls of automatically clicking 'I agree'

Disney's streaming services finally reported an operating profit, which could rise in the years ahead. Sizable investments in the parks can drive ongoing revenue and earnings gains.

Where Will Disney Stock Be in 3 Years?

Apple

Adyen NV

Five9

Alphabet

NVIDIA

Portfolio had more net exposure at the end of the quarter. Top contributors included Nvidia, Alphabet, and Apple. Top detractors were Disney, Adyen, and Five9.

RiverPark Long/Short Opportunity Fund Q2 2024 Portfolio Review

Disney and Reliance have offered some concessions to secure an India antitrust approval for their $8.5 billion media merger, but are unwilling to sell any cricket broadcast rights, the biggest prize in the deal, two sources familiar with matter said.

Exclusive: Disney-Reliance offer concessions for India merger, but no cricket rights sale

Cisco Systems

Dell Technologies

Rivian Automotive

Key Points: Mass layoffs, especially in tech, are tied to companies missing out on the AI boom.

Wall St. Vet Warns ‘Mass Layoffs Are Next'

The House of Mouse is tapping up Morgan Stanley's James Gorman to lead the search for its next CEO.

Disney Ramps Up Search for Bob Iger Successor. 3 Problems the Next CEO Must Solve.

Key Points: Disney's streaming services struggle with profitability and intense competition.

Somehow, Disney (NYSE: DIS) Got Worse

The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps.

To seal India merger, Disney-Reliance may need to dilute cricket dominance

Walt Disney Co (NYSE:DIS, ETR:WDP) has tasked Morgan Stanley (NYSE:MS) executive chairman James Gorman with finding a replacement for outgoing chief executive Bob Iger. Gorman was appointed head of Disney's succession planning committee on Wednesday, having overseen such process at the Wall Street bank before he stepped down as chief executive earlier this year.

Disney hires Morgan Stanley chair to deliver Bob Iger successor

Last year, Iger, who was the CEO from 2005 to 2020 before his 2022 reappointment, said he would extend his stay through 2026 and "definitely" step down when his contract ends.

Disney puts Morgan Stanley's James Gorman in charge of finding Bob Iger's successor

As expected, Disney's board has named director James P. Gorman to chair its Succession Planning Committee as the search for an executive to follow Bob Iger as CEO starts to heat up.

Disney Board Member James Gorman To Chair Succession Planning Committee As Search To Replace Bob Iger Heats Up

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger.

Walt Disney tasks Morgan Stanley's Gorman to lead CEO search

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors has named Board member James P. Gorman to chair its Succession Planning Committee (the “Committee”), it was announced today by Mark G. Parker, Chairman of the Board. Gorman, who joined the Disney Board earlier this year, oversaw the recent succession process at Morgan Stanley, where he serves as Executive Chairman following several years as the firm's Chairman and CEO. “James is a highly respected leader, a.

The Walt Disney Company Board Names James P. Gorman as Succession Planning Committee Chair

Walt Disney Co (NYSE:DIS, ETR:WDP) and Reliance's tie-up could leave competition woes in India due to the duo's power over cricket broadcasting rights, India's antitrust body has warned. According to Reuters-cited sources, The Competition Commission of India previously flagged issues over the US$8.5 billion (£6.5 billion) tie-up relating to their grip on cricket broadcasting rights.

Disney, Reliance tie-up raises cricket rights concerns in India

Intel

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With the stock market offering a wide range of investment options, identifying undervalued equities can be crucial for investors due to their potential for significant returns.

ChatGPT-4o picks 3 undervalued stocks to buy now

Disney continues to be a buy for patient investors willing to hold for the long-term, but the stock will be volatile in the current environment. Disney's evolving strategies, particularly at Marvel, may lead to excitement on the creative end while pressuring the financial side. Disney's valuation is expensive relative to its sector, but the company's profitability form-factor grade is firmly in the green.

Disney's 'Deadpool' Delivers, But Downey Jr. May Save Shareholders

American media giant Disney landed itself in a soup when it tried to sidestep a wrongful death lawsuit filed against the company's parks and resorts business using arbitration clauses agreed to by the plaintiff in its streaming division Disney+.

Explained: Disney's wrongful death lawsuit and why did the company take a u-turn on its initial move

Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim's family had signed up for its streaming service Disney+.

Disney backpedals its bid to dismiss a wrongful death lawsuit after backlash

Disney Plus is now profitable, and Disney currently has a historically low price to sales and price to book ratio. Joel Greenblatt highlights that media companies with high intangible assets and goodwill are better evaluated on EBITDA for profitability. Despite improving movie quality, setting record box offices, Disney's stock remains in the doldrums.

News for Disney Stock (DIS)