Mickey Mouse and Minnie Mouse balloons fly in entrance of Cinderella’s Fort on the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on Might 31, 2024.
Gary Hershorn | Corbis Information | Getty Pictures
Disney will report its fiscal first-quarter earnings earlier than the bell on Wednesday, and Wall Avenue might be paying shut consideration to the state of its streaming and theme parks companies. Traders can even be listening for any particulars on the seek for CEO Bob Iger’s successor.
Here’s what Wall Avenue expects Disney to report on Wednesday, based on analysts polled by LSEG:
- Earnings per share: $1.45
- Income: $24.62 billion
Development and profitability in Disney’s streaming enterprise — mixed with a blockbuster field workplace yr and additional investments within the firm’s theme parks enterprise — appeased buyers when the corporate final reported quarterly outcomes, sending shares hovering.
Nonetheless, as the corporate enters 2025, the clock continues to tick on Iger’s time on the helm. Iger is predicted handy over the CEO submit in early 2026, together with his alternative to be named nearer to that date.
The corporate’s succession plans have been of explicit curiosity in latest quarters.
Subscriber development can even be high of thoughts, particularly as Disney’s opponents in latest weeks have reported hefty subscriber positive aspects. Netflix final month reported it had surpassed 300 million paid memberships, including a report 19 million subscribers throughout its most up-to-date quarter.
But, subscription numbers are simply a part of the equation. Disney, like different streamers, has turned to profit-driving measures like ad-supported tiers and password-sharing crackdowns to drive income and preserve Wall Avenue completely satisfied.
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