Disney Set to Announce Quarterly Results

Disney is going to talk about how much money it made in the second part of the year. They’ll also talk about how many people are watching their streaming service and going to their theme parks.

A while back, the CEO changed how Disney is organized, which meant some people lost their jobs, and Disney cut costs by $5.5 billion. This is the first time they’re talking about money since they won a fight with a big investor.

Here’s what Wall Street thinks Disney will say:

  • They expect Disney to make $1.10 for each share.
  • They expect Disney to make $22.11 billion in total.
Disney Set to Announce Quarterly Results
Wall Street anticipates earnings per share of $1.10 and revenue of $22.11 billion.

People are interested in how many new subscribers Disney+ got. One expert thinks Disney+ will start making money by the end of 2024.

Last time, Disney’s streaming service, Disney+, made less money than before. But it wasn’t as bad as the year before.

Disney says some people stopped using Disney+ because it got more expensive. But each person who stayed paid more money, so it balanced out.

Analysts focus on Disney+ profitability, Hulu integration, and visitor traffic at theme parks.

People want to know how Disney is putting Hulu together with Disney+. They also want to know how much Hulu is worth.

People are also watching how many people are going to Disney’s theme parks in the U.S. Last year, not as many people went to the one in Orlando.

Another company, Comcast, said fewer people went to its theme park in Orlando, too. They think it’s because people are going on cruises instead but Disney just got a new cruise ship, so that might help them.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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