Mickey Mouse and Minnie Mouse balloons fly in entrance of Cinderella’s Fortress on the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on Could 31, 2024.
Gary Hershorn | Corbis Information | Getty Photos
Disney will report its fiscal first-quarter earnings earlier than the bell on Wednesday, and Wall Road can be paying shut consideration to the state of its streaming and theme parks companies. Traders may also be listening for any particulars on the seek for CEO Bob Iger’s successor.
Here’s what Wall Road expects Disney to report on Wednesday, in keeping with analysts polled by LSEG:
- Earnings per share: $1.45
- Income: $24.62 billion
Development and profitability in Disney’s streaming enterprise — mixed with a blockbuster field workplace yr and additional investments within the firm’s theme parks enterprise — appeased buyers when the corporate final reported quarterly outcomes, sending shares hovering.
Nonetheless, as the corporate enters 2025, the clock continues to tick on Iger’s time on the helm. Iger is predicted at hand over the CEO submit in early 2026, together with his alternative to be named nearer to that date.
The corporate’s succession plans have been of explicit curiosity in current quarters.
Subscriber progress may also be prime of thoughts, particularly as Disney’s rivals in current weeks have reported hefty subscriber positive factors. Netflix final month reported it had surpassed 300 million paid memberships, including a file 19 million subscribers throughout its most up-to-date quarter.
But, subscription numbers are simply a part of the equation. Disney, like different streamers, has turned to profit-driving measures like ad-supported tiers and password-sharing crackdowns to drive income and maintain Wall Road joyful.
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