Daytime fireworks launch over Cinderella Fortress throughout a efficiency of “Mickey’s Magical Friendship Faire” within the Magic Kingdom at Walt Disney World, Bay Lake, Florida, April 30, 2024. (Joe Burbank/Orlando Sentinel/Tribune Information Service through Getty Pictures)
Orlando Sentinel | Tribune Information Service | Getty Pictures
Disney will report its fiscal second-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 will even 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: $1.20
- Income: $23.14 billion
Final quarter, the corporate beat on the highest and backside traces, however revealed the beginnings of anticipated streaming subscriber losses at Disney+.
Disney warned throughout its fiscal fourth-quarter report in November that it anticipated a “modest decline” in subscriptions in the course of the December interval. It advised traders throughout February’s earnings report that it anticipated one other “modest decline” in subscribers throughout its fiscal second quarter.
The slowdown in streaming subscriber development follows an improve in costs for its providers final yr.
Eyes will even be on its expertise phase, which incorporates theme parks. The division carried out higher than anticipated within the fiscal first-quarter, however journey specialists have warned about waning worldwide vacationers and a possible site visitors lower on account of President Donald Trump’s tariffs.
Theme parks within the U.S. have usually skilled a slowdown in foot site visitors following the post-Covid surge in attendance.
This story is growing. Please verify again for updates.
