Disney’s Upcoming Fiscal Report
Disney is set to release its fiscal third-quarter earnings report on Wednesday, and investors are keenly anticipating insights into the company’s various segments, including streaming services, television, movies, and theme parks.
What Analysts Expect
According to LSEG, Wall Street is projecting Disney will report:
- Earnings per Share: $1.47
- Revenue: $23.73 billion
Focus on Streaming
The streaming division is anticipated to take center stage once again. Investors are particularly eager for updates regarding ESPN’s upcoming direct-to-consumer streaming service. ESPN has stated that the app is expected to launch this fall, although a specific date has yet to be revealed.
This streaming service, simply named ESPN, will feature content from its traditional TV channel and more, priced at $29.99 a month. This development aligns with the broader trend of consumers moving away from traditional pay TV packages towards streaming options. Similarly, Fox Corp. announced its own streaming platform, Fox One, set to launch on August 21 at a subscription cost of $19.99 per month.
Previous Earnings Highlights
In its last earnings report released in May, Disney raised some of its fiscal 2025 projections and noted a slight increase in Disney+ subscribers. At that time, the company revealed that its flagship streaming service boasted 126 million global subscribers, surpassing analysts’ expectations. Additionally, Disney reported that its streaming segment had become profitable, marking a pivotal shift in priorities for media companies, where profitability now often takes precedence over subscriber growth.
Expansion Plans
Disney also disclosed a significant deal in May to establish a theme park and resort in Abu Dhabi, marking the company’s seventh theme park resort as it continues to expand on a global scale. The experiences business, encompassing parks, cruises, resorts, and consumer products, reported a 6% year-over-year revenue increase for the last quarter, with a 9% rise in domestic theme park revenue and a 5% decline in international park revenue.
This story is ongoing, and updates will be provided as they emerge.
