Walt Disney and Mickey Mouse “Partner” statues at Cinderella Castle at Walt Disney World’s Magic Kingdom in Lake Buena Vista, Florida, on Saturday, June 3, 2023.
Joe Burbank | Tribune News Service | Getty Images
disney Analysts will focus on the company’s streaming subscriber growth and prospects as fiscal second-quarter earnings are released before the bell on Tuesday, as well as theme park attendance.
Since CEO Bob Iger announced Reorganization The company was restructured, resulting in thousands of job losses and $5.5 billion in cost cuts.This will also be Disney’s first earnings call since its inception it won Proxy Battle Against Trian Partners of Nelson Peltz.
According to LSEG, Wall Street expects Disney to release the following report on Tuesday morning:
- Earnings per share: $1.10 expected
- Revenue: Estimated $22.11 billion
User growth for its flagship streaming service Disney+ will once again be in focus.Jessica Leif Erlich, analyst, Bank of America Securities explain On Monday, CNBC’s “Squawk Box” said the streamer is expected to become profitable in the fourth quarter of 2024.
Last quarter Losses at Disney’s direct-to-consumer unit, which also includes Hulu and ESPN+, narrowed to $216 million from $1.05 billion a year earlier.
The company reported in February that it had 1.3 million fewer Disney+ core subscribers in the quarter compared with the previous quarter due to price increases, although it said average revenue per user increased for the same reason.
Wall Street will also be looking for the latest news on Integration Hulu’s entry into Disney+ and its evaluation process This will evaluate Comcast’s stake in Hulu.
Visitor traffic to Disney theme parks in the United States will also become a focus. A research note from Deutsche Bank on Monday showed growth began to slow last year as Orlando’s population shrank.
Comcast recently report Universal Orlando theme park expansion has slowed due to increased competition, especially from cruise ships. Analyst Reif Ehrlich noted that this could be good for Disney because it has a new cruise ship.
Revealed: Comcast is the parent company of NBCUniversal and CNBC.
This is breaking news. Please check back for updates.
