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 Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

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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

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

Walt Disney added a decent number of Disney+ subscribers last quarter, but that progress comes with a major footnote. Melding Hulu and Disney+ (and eventually ESPN) doesn't necessarily guarantee streaming will be a profitable business for the company.

Is This the Big Reason Disney Is Buying the Rest of Hulu?

Disney has seen the worst launch of a Marvel film yet with new Brie Larson film The Marvels pulling in just US$47 million in its first weekend. Forecasts beforehand had suggested the film, the latest in what Disney calls the Marvel Cinematic Universe or MCU, would rake in up to US$80m, but mixed reviews and a lack of promotion due to the Hollywood actors' strike meant it badly undershot the forecasts.

Disney faces new headache as 'The Marvels' flops

AT&T

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Disney expects a significant improvement in free cash flow this fiscal year. The company also increased its cost-cutting target to $7.5 billion.

Is Disney Finally Turning the Corner?

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The company posted blowout results for its fiscal fourth quarter on Wednesday. The stock moved 4% higher this past week, tripling the S&P 500's return.

A Look Back at Disney's Blowout Week

Disney is exploring putting some of its less valuable channels into A+E Networks, according to The Wall Street Journal.

Disney Plans More Changes for Its TV Networks: Report

Walt Disney Co. DIS, +6.91% has considered the possible sale of television-network assets and has also contemplated putting some of its networks into its A+E Networks joint venture with Hearst, the Wall Street Journal reported Friday. The company has deemed ABC, Disney Channel and FX its most valuable channels and pegged Freeform and National Geographic as among those with less future value, the story said.

Disney has considered shipping some TV networks to Hearst JV: WSJ

Walt Disney Co. (NYSE: DIS) earnings were supposed to drive its stock well above recent lows.

Disney's Troubles Continue

As part of a broad review, the entertainment company has reignited discussions about adding some channels to its venture with Hearst.

Disney Plots Future of Its Traditional TV Networks

Disney delivered strong financial results across many of its business segments. The streaming segment, led by Disney+, took a big step towards profitability.

Disney Stock May Get Another Boost From First Dividend Payment in Almost 4 Years: Should You Buy the Rebound?

It is safe to say that Disney's (NYSE: DIS) stock price trajectory has been quite tumultuous this year as the company faced a formidable downturn amid controversies involving alleged political bias and legal clashes.

Disney stock reverses boycott losses with a 7% surge in a day

Walt Disney Co should see its profitability improve in both fiscal 2024 and 2025, with its free cash flow (FCF) approaching pre-pandemic levels in fiscal 2024, according to UBS analysts.  In an update to clients, they maintained their ‘Buy' rating and 12-month target price of $110 per share on the stock, noting that Disney should generate earnings per share (EPS) of $4.75 in fiscal 2024 and $6.14 in fiscal 2025.

Disney shifting from fixing to building: analysts

Paramount Global

Disney (DIS), Paramount (PARA), and Warner Bros. Discovery (WBD) shares surged Thursday after studios reached a tentative deal with striking actors, bringing the 118-day Hollywood strike to an end.

Disney, Paramount Shares Rise After Studios Reach Tentative Deal With Actors

Disney's (DIS) fourth-quarter fiscal 2023 results reflect a solid revival in the domestic and international theme park businesses.

Disney (DIS) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

The follow-up to "Keeping Up With the Kardashians," now in its fourth season on Hulu, is its most-viewed unscripted series ever. Big deal pays off for the streamer.

‘The Kardashians' Sets A Streaming Record As Disney+-Hulu Nears Launch

Walt Disney Co. shares DIS, +7.05% are up 7.5% in Thursday trading and on track for their best day in nearly three years. The stock is on pace to register its largest one-day percentage gain since Dec. 11, 2020, when it rose 13.6%, according to Dow Jones Market Data.

Disney's stock blasts toward best day in almost three years

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Tesla

U.S. equities fell midday ahead of comments from Fed Chair Jerome Powell that could offer clues about the future of monetary policy. The Dow, S&P 500, and Nasdaq were all lower.

Midday Movers: Disney Rises, Tesla and Becton Dickinson Fall

Netflix

The actor's strike came to an end after 118 days with a tentative agreement between the SAG-AFTRA union and studios, sending shares of companies like The Walt Disney Company (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) higher.  The union said its negotiating committee unanimously supported the deal, which is valued at more than $1 billion, increases minimum salaries, includes bonuses from streaming services and protects actors from unauthorized use of their likenesses with artificial intelligence.

Disney, Netflix shares rise as striking actors reach breakthrough deal with studios

Disney exceeded financial expectations for its fiscal fourth quarter this week. The tentative end to the Hollywood production strike could help some of Disney's languishing businesses.

It's Just a Matter of Time Before Disney Stock Is Back Above $100

Warner Bros Discovery Inc

Hollywood actors yesterday struck a tentative three-year contract worth more than $1 billion with major studios, which will increase minimum salaries.

Media Stocks React to SAG-AFTRA Tentative Deal

AMC Entertainment

The SAG-AFTRA actors' union reached a tentative agreement with studios Wednesday night.

The Hollywood actors' strike is over, but the impact will linger for some big companies

Disney's strong quarterly results ease pressure on the company to take more drastic measures to improve its bottom line, such as fully offloading ESPN, according to analysts.

Disney Stock Soars 6% After Strong Earnings—Biggest Gain Of 2023

When the House of Mouse, aka the Walt Disney Co. (NYSE: DIS), reported quarterly earnings late Wednesday, the company said it was increasing planned spending cuts from $5.5 billion to $7.5 billion.

Disney Stock (DIS) Gets a Boost From Dividend Hopes, AI

Markets moved modestly higher early Thursday. Disney's results gave shareholders new optimism about its future prospects.

News for Disney Stock (DIS)