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

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 Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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Earnings data Q2 2024

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Earnings data Q4 2024

Earnings data Q1 2025

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.

Disney reports robust Q4 results, focuses on streaming and Experiences growth

Disney's Q4 earnings call highlights strong performance across key segments, creative content offerings, and strategic investments. While facing challenges in certain areas, the company is focused on leveraging opportunities in streaming, DTC margins, and international expansion. Overall, Disney remains optimistic about its growth trajectory and future prospects.

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

ESPN has signed a 12-year extension with the U.S. Tennis Association and will continue its coverage of the U.S. Open through 2037. The Disney-owned outlet said the new agreement begins in 2026. Along with the U.S., it includes Latin America and the Caribbean as well as Canada on TSN and RDS.

ESPN Extends Rights To U.S. Open Tennis Through 2037

Walt Disney's ESPN network is exploring the use of artificial intelligence to help personalize its news and recap show "SportsCenter" as younger audiences embrace streaming TV, ESPN Chairperson Jimmy Pitaro said on Wednesday.

Disney sees AI helping to personalize new ESPN app

The Mouse House, which owns ESPN, is locked in renewal discussions with DirecTV ahead of its current deal's expiration on Sunday.

Disney's DirecTV carriage dispute could be disastrous for football fans

Walt Disney Co (NYSE:DIS, ETR:WDP) and Reliance Industries have won the approval of Indian antitrust regulators for an $8.5 billion merger of their Indian assets after reportedly addressing concerns about cricket broadcasting rights. The Competition Commission of India (CCI) said in a post on the social media platform X that the deal had been approved after the companies submitted “voluntary modifications.

Disney-Reliance Industries merger approved by Indian regulators

Walt Disney World® Resort has long prided itself on being the “most magical place on Earth,” but a recent tragedy has left one family far from their happily ever after - and could set significant precedents that impact the rights and avenues to justice for wrongful death victims and their families and estates.

Disney's Not-So-Magical Lawsuit Could Have Major Implications For Wrongful Death Victims

Walt Disney Co and Reliance Industries won approval from the Competition Commission of India (CCI) on Wednesday for an $8.5 billion merger of their Indian media assets after offering concessions relating to their grip on broadcasting rights for cricket, India's favourite sport.

India's antitrust concerns over Disney-Reliance deal

The entertainment giant is investing heavily in its most critical businesses. Why is Disney willing to spend so much?

Disney Is Spending $60 Billion in the Next 10 Years on Theme Parks and Cruise Ships. Will It Pay Off?

India's competition regulator has approved the $8.5 billion merger of Reliance Industries and Disney's Indian media assets, subject to certain voluntary modifications, it said in a post on social media platform X on Wednesday.

Indian regulator approves $8.5 billion Disney-Reliance media merger

Bob Iger's turnaround strategies have been highly effective and are already rekindling growth, judging by recent results released in FY Q3. His key strategies include cost control and the emphasis on content quality over quantity. I expect many of his strategies to be institutionalized after his succession.

Disney Stock: Bob Iger's Turnaround And Succession Plan

Disney's recent Q3 earnings beat expectations, with streaming businesses achieving profitability, despite a slowdown in the Experiences segment due to macroeconomic headwinds. I believe Bob Iger's leadership and the strategic $60 billion investment in parks and cruises will drive long-term growth and profitability. Disney's DTC services, now profitable, are poised for significant growth, leveraging premium IP and strategic initiatives like password-sharing crackdowns and bundling.

Disney Is A Strong Buy: The Flywheel Is Spinning Again

A recent ruling against Venu Sports has put the cable bundle's business model in the crosshairs. Pay-TV packages have become increasingly bloated and costly, which has lead to more cord-cutting.

DirecTV is on the warpath against Disney in a battle it says is existential for cable TV

Walt Disney Co is in talks with pay-TV provider DirecTV to renew a contract that could result in channels like ABC and ESPN being blacked out as early as Sept. 1 if an agreement between them is not reached, Bloomberg News reported on Monday.

DirecTV looks to renew pay-TV rules in Disney talks, Bloomberg News reports

Disney convinced a federal judge in California on Monday to reverse a jury's $600,000 verdict that it misused another company's motion-capture technology in its 2017 live-action remake of "Beauty and the Beast".

Disney wins bid to overturn $600k 'Beauty and the Beast' copyright verdict

The consumer entertainment giant has some parts of its business that would likely hold up fine, and others that wouldn't.

Would Walt Disney Be a Great Investment in a Recession?

Key Points: Disney's streaming services face tough competition with limited pricing power.

Disney (NYSE: DIS) Is Simply Limping Along Now

Disney's market cap and revenue dwarf Sphere Entertainment's. Valuation-wise, both stocks look surprisingly affordable at the moment -- but for starkly different reasons.

Best Stock to Buy Right Now: Sphere Entertainment vs. Walt Disney

Disney has U-turned on a bid to dismiss a wrongful death lawsuit in the US by relying on the terms of service for a simple streaming trial.

Disney wrongful death legal case exposes potential pitfalls of automatically clicking 'I agree'

Disney's streaming services finally reported an operating profit, which could rise in the years ahead. Sizable investments in the parks can drive ongoing revenue and earnings gains.

Where Will Disney Stock Be in 3 Years?

Apple

Adyen NV

Five9

Alphabet

NVIDIA

Portfolio had more net exposure at the end of the quarter. Top contributors included Nvidia, Alphabet, and Apple. Top detractors were Disney, Adyen, and Five9.

RiverPark Long/Short Opportunity Fund Q2 2024 Portfolio Review

Disney and Reliance have offered some concessions to secure an India antitrust approval for their $8.5 billion media merger, but are unwilling to sell any cricket broadcast rights, the biggest prize in the deal, two sources familiar with matter said.

Exclusive: Disney-Reliance offer concessions for India merger, but no cricket rights sale

Cisco Systems

Dell Technologies

Rivian Automotive

Key Points: Mass layoffs, especially in tech, are tied to companies missing out on the AI boom.

Wall St. Vet Warns ‘Mass Layoffs Are Next'

The House of Mouse is tapping up Morgan Stanley's James Gorman to lead the search for its next CEO.

Disney Ramps Up Search for Bob Iger Successor. 3 Problems the Next CEO Must Solve.

Key Points: Disney's streaming services struggle with profitability and intense competition.

Somehow, Disney (NYSE: DIS) Got Worse

The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps.

To seal India merger, Disney-Reliance may need to dilute cricket dominance

Walt Disney Co (NYSE:DIS, ETR:WDP) has tasked Morgan Stanley (NYSE:MS) executive chairman James Gorman with finding a replacement for outgoing chief executive Bob Iger. Gorman was appointed head of Disney's succession planning committee on Wednesday, having overseen such process at the Wall Street bank before he stepped down as chief executive earlier this year.

News for Disney Stock (DIS)