Unlocking Disney’s Earnings: What You Need to Know Before the Reports Drop!

Disney is set to share its fiscal third-quarter earnings soon, and investors are eager for insights. They want to know how the company’s streaming services, television, movies, and theme parks are performing.

Here’s what Wall Street anticipates from Disney’s report:

• Earnings per Share: $1.47
• Revenue: $23.73 billion

The focus will be largely on Disney’s streaming business, especially the upcoming ESPN app. This new service, priced at $29.99 a month, will feature all the content from ESPN’s traditional channels. Although the app is scheduled to launch this fall, specific details are still under wraps.

Consumers are increasingly switching from traditional cable TV to streaming platforms. In line with this trend, Fox Corp recently announced its own streaming service, Fox One, launching on August 21 for $19.99 a month.

In its last report, Disney mentioned an expected rise in subscribers for Disney+. They noted that this service had reached 126 million subscribers globally, surpassing analyst predictions. Importantly, Disney’s streaming division has become profitable, which is a key milestone for many media companies focusing on profitability over subscriber numbers.

Disney’s theme parks are also thriving. The company recently revealed plans for a new theme park and resort in Abu Dhabi, marking its seventh international resort. In the last quarter, the experiences division—including parks, cruises, and consumer products—showed a 6% increase in revenue year-over-year, with domestic parks seeing a notable 9% growth.

With the shifting landscape of media consumption, Disney’s ability to adapt and expand will be crucial for its continued success. Keep an eye on their next earnings update for more insights.

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