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

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

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

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

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Change in working capital

Cash from investing

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Purchase/sale of investments

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Cash from financing

Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Charter Communications

Disney's Charter blackout isn't a typical fight over how much more Charter will pay to carry ESPN and ABC. It's the first shot in a fundamental reshaping of cable TV.

Charter Fires Shot Heard ‘Round Hollywood With ESPN, ABC Blackout Fight

Walt Disney (DIS) cut off its TV programming to Charter Communications (CHTR)'s Spectrum cable system Friday after a fee dispute.

Disney Cuts Off Programming to Charter Customers in Fee Dispute

In one of the biggest carriage disputes in recent history, Charter Communications, one of the largest cable companies in the nation with close to 15 million video subs

Disney Carriage Dispute With Charter Likely Due To Future Plans For ESPN DTC Product

Disney has hit back at claims by Charter Communications execs that the media company declined to pursue innovative carriage deals and instead just wanted to ram through price increases.

Disney Hits Back At Charter Claims, Says It Offered Pay-TV Operator “The Most Favorable Terms” And Proposed An Extension To Keep Networks From Going Dark

If you are an investor in The Walt Disney Company, you have good reasons to feel disappointed or even despair. The DIS stock price went nowhere in the past nine years, while the overall market enjoyed one of the most spectacular bull runs in history. However, I will argue this serves as a good indicator that market sentiment has gone too far in the fear extreme and ignored the catalysts for a rebound.

Disney Stock: Outlook After Hitting 9-Year Low

Comcast

Twenty-First Century Fox

Paramount Global

Warner Bros Discovery Inc

Disney blocked its cable channels, including ESPN and ABC, from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.

Disney's feud with Spectrum owner Charter slams entertainment stocks

Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees.

US entertainment shares slide as Disney, Charter squabble over cable fees

The summer of media-industry disruptions continues with a carriage dispute between Walt Disney Co. and Charter Communications Inc., which runs the Spectrum cable service.

Media stocks melt down as Spectrum feuds with Disney and ESPN: ‘We're on the edge of a precipice'

Cable subscribers to Charter Spectrum were unable to watch any ESPN programming, including a college football game between Florida and No. 14 Utah and any U.S. Open tennis matches after 8 p.m.

Disney-Spectrum feud heats up as ESPN goes dark for college football and U.S. Open. Could the NFL be next?

Charter Communications subscribers are caught in the middle of a philosophical fight between the cable giant and Disney, parent company of ESPN, ABC and several other networks.

Spectrum Customers Lose ESPN as U.S. Open, College Football Heat Up

Charter's customers lost access to Disney networks late Thursday as the two companies battle over contract fees and the pay-TV model.

Spectrum owner Charter calls pay-TV model broken as it battles Disney over blackout

At the September 1, 2023 Investor Webcast, Charter's CEO, CFO and President of Product and Technology Presented the Company's Vision for Evolving the Video Business, and Desire for The Walt Disney Company to Join the Company in Leading the Industry Towards a Customer-Centric Business Model Key highlights are below, and a full replay of the investor meeting can be found at ir.charter.com . STAMFORD, Conn.

CHARTER COMMUNICATIONS PROVIDES UPDATE ON NEGOTIATIONS WITH THE WALT DISNEY COMPANY

As usual, cable TV viewers are getting caught in the middle of a nasty carriage dispute between two giant companies. Both the cable TV industry and the Walt Disney Company are dealing with fleeing subscribers and worsening coffers, so you'd imagine now wouldn't be a great time to upset their user bases.

Furious Spectrum cable subscribers just lost 26 Disney-owned channels. Here's the full list

With its stock price hovering near decade lows Disney (NYSE:DIS) executives continue to be besieged by crisis, distraction and kerfuffle – the latest seeing college football nixed from the television screens of some 15 million cable subscribers. Disney, which is still wrestling to pin down its streaming strategy for ESPN, is tangled in a dispute with America's second-largest cable firm Charter Spectrum (the ‘major' carrier in New York and Los Angeles) as the Mickey Mouse firm seeks to raise its rates.

What does Disney's college football ‘blackout' mean for its ESPN streaming strategy?

Charter Communications said on Friday Walt Disney Co declined its proposal for a distribution agreement and pulled video channels from its cable service, in a move that will impact the cable operator's earnings.

Charter Communications says Disney declined distribution proposal

Disney's annual D23 fan expo could offer some insight on the future of the media giant's theme parks and video content strategy. The live-action "The Little Mermaid" was a hit at the multiplex.

5 Dates for Disney Stock Investors to Circle in September

Mattel

Disney shares have declined even as the company makes progress on its growth plan. The Barbie movie is an example of how Mattel is using its intellectual property to boost earnings growth potential.

2 Cheap Stocks to Buy Without Any Hesitation

Disney's films, streaming service, and theme park attendance all point to struggles. Content franchises and theme parks continue to bolster the company.

Why Is Everyone Talking About Walt Disney Stock?

Disney said on Thursday that the company is in negotiations with Charter Communications for a new agreement after Disney pulled ESPN, ABC and other cable channels off Charter-owned Spectrum's cable service.

Disney, Charter in talks for new distribution agreement

More than 25 Disney channels were cut from the cable TV provider as both companies blame the other for the service disruption — which began as the college football season and much-anticipated US Open match between Carlos Alcaraz and Lloyd Harris got underway on the sports network.

Disney channels — including ESPN and ABC — go dark on Charter Spectrum amid spar over new deal

ESPN is among a number of Disney Entertainment channels that have gone dark on Charter Spectrum cable systems.

ESPN networks go dark on Charter Spectrum cable systems on busy night for sports

The company suspended its dividend in 2020 but aims to reinstate it later this year. It also is making progress on a major plan to cut costs and boost growth.

Could Disney Become a Top Dividend Stock?

Media stocks have fallen out of favor, but there could be opportunities to swap assets or buy properties at a discount. An end to the Hollywood strikes or some sleeper hits can turn the bearish narrative around in September.

Can Disney Stock Bounce Back in September?

Indian billionaire Mukesh Ambani's broadcasting unit grabbed rights to televise and live stream the national cricket team's bilateral matches for $721.41 million, in its latest win over Walt Disney that had previously held the rights.

Indian tycoon Ambani beats Disney to BCCI cricket media rights for $721 million

Excitement surrounding Disney's video streaming services drove shares higher during 2021, but the company's equity has come back down to earth. The recovery of Disney's theme parks and resorts operations post-COVID-19 and the resilience of its video streaming services offer some reassurance to long-term investors. However, the company's current valuation is fair, in our view, even after building in a strong recovery in future expected free cash flows within our valuation model.

News for Disney Stock (DIS)