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 price increase and reduced marketing expenses helped improve the performance of the streaming unit, which ended the quarter with an operating loss of $659 million.

Disney cuts streaming losses in Q2, while theme parks boost results

Disney is rolling out a single streaming app, featuring programming from Hulu and Disney+, by the end of this year. CEO Bob Iger announced the move during the company's fiscal second quarter earnings call, calling it a “logical progression of our DTC offerings.

Disney+ And Hulu To Combine Into One App By Year's End, Bob Iger Says

Disney+ will add content from Hulu to create a “one-app experience,” Disney CEO Bob Iger said. Standalone options for all of the company's streaming platforms will remain, he added.

Disney to add Hulu content to Disney+ app, raise price for ad-free service

The Walt Disney Company (NYSE:DIS) saw its streaming losses narrow in its fiscal 2Q as price increases offset subscriber losses. The company stated that adjusted diluted earnings for the fiscal 2Q 2023, which ended in March, stood at $0.93 per share, down 14% from the same period last year, aligning with Wall Street forecasts.

Disney's streaming losses narrow in fiscal 2Q as price increases offset subscriber decline

Walt Disney Co. shares declined in late trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months, as executives seek to cut losses in the streaming business.

Disney stock falls as Disney+ subscribers decline amid push to lose less money in streaming

Disney (NYSE: DIS ) just reported fiscal second quarter results. Disney posted earnings per share of 93 cents.

DIS Stock Earnings: Disney Meets EPS, Beats Revenue Estimates

As Disney approaches its third round of expected layoffs and deals with production delays due to the ongoing writers strike, the company delivered more bad news to investors. Its flagship streaming service, Disney+, lost a whopping four million subscribers in Q2 2023, bringing the total to 157.8 million subscribers, compared to 161.

Disney+ loses subscribers for second quarter in a row, drops 4M subs

The entertainment conglomerate lost four million subscribers for Disney+ last quarter while raking in $2 billion in profits from its theme parks.

Disney Earnings: Stock Slips As Disney+ Bleeds Millions Of Subscribers

Walt Disney Co reduced losses in its streaming media unit by more than $400 million from the prior quarter, the company said on Wednesday as it reported earnings in line with Wall Street expectations.

Disney cuts streaming losses, resurgent parks boost results

Disney Parks & Experiences generated the bulk of parent profits and about a third of total revenue last quarter with a noteworthy swing in international from Hong Kong to Shanghai to Paris. Total sales at the divison called Disney Parks, Experiences and Products jumped 17% to $7.

Disney Parks' Profit Jumps As International Recovery Takes Hold

The Walt Disney Co. reduced losses in its streaming business by $200 million in its fiscal second quarter as the company's overall results matched Wall Street expectations.

Disney+ Loses More Subscribers But Overall Streaming Losses Improve As Company Posts Solid Quarterly Report

Disney's streaming losses narrowed during the fiscal second quarter, as price increases helped offset the loss of subscribers at Disney+. The company posted revenue and profit in line with Wall Street's projections.

Disney's streaming losses improve even as subscriber numbers decline

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended April 1, 2023. Revenues for the quarter and six months grew 13% and 10%, respectively. Diluted earnings per share (EPS) from continuing operations for the quarter increased to $0.69 from $0.26 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter decreased to $0.93 from $1.08 in the prior-year quarter. EPS from continuing operations for the six.

The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2023

Upstart Holdings

Premarket action on Wednesday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.18%, the S&P 500 down 0.18% and the Nasdaq 0.19% lower.

Wednesday Premarket: Inflation, an Upstart Short Squeeze, Disney Earnings, Scarlett Johansson

There could certainly be more upside in Disney stock from current levels but Q2 results will need to start reaffirming CEO Bob Iger's initiative of cutting costs and sustaining growth and profitability.

Time to Buy Disney Stock as Earnings Approach?

Disney stock was muted ahead of earnings late Wednesday. The Dow media giant launched a major reorganization, and battles for control of its theme park.

Disney Stock Quiet Ahead Of Earnings; Magic Kingdom Expands Charges Against Sunshine State

Disney is expected to report its slowest revenue growth since the second quarter of 2021.

Bob Iger faces many hurdles as Disney set to report earnings

Coinbase

FuboTV

Schlumberger

AMC Entertainment

Chegg

SoFi Technologies

As anyone who regularly reads my columns knows, I'm generally optimistic about the outlooks of the U.S. economy and American stocks. And I think that investors are greatly undervaluing many growth stocks, particularly in the renewable energy, electric vehicle, and biotech spaces.

7 Growth Stocks That Are Facing Major Headwinds in 2023

Walt Disney Co's quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers.

Disney's Iger may have to add slowing growth to his turnaround checklist

Disney is rolling back pandemic-era rules that required guests to book dates in advance of their arrival to the Orlando-area theme parks.

Disney cancels reservation requirements at theme parks after backlash

Disney World announced new enhancements to guests visiting its resort in 2024. SeaWorld Entertainment and Six Flags posted better-than-expected revenue in quarterly reports this week.

Disney World Is Making Things Easier While Its Top Rival Is Not

Netflix

Warner Bros Discovery Inc

Netflix's password-sharing crackdown could soon be coming to the U.S. Disney+ is losing money hand over fist. Could a price increase be coming?

3 Top Entertainment Stocks to Watch in May

A family lost a toy elephant with their son's ashes inside during a trip to Disney World in Florida.

News for Disney Stock (DIS)