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 Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 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.

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Cost of revenue

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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

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Non-current liabilities

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Total liabilities & equity

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Book value per share

Cash from operations

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Purchase/sale of investments

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Cash from financing

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Cash from other sources

Net change in cash

Free cash flow

Charter Communications

Historically large cable network owners require multichannel operators to take all of their channels or nothing.

Charter's Spectrum Upends Cable Network Industry Model With Disney Deal

Parents -- who depend on Disney Junior favorites like "Bluey" and "Mickey Mouse Clubhouse" to entertain their kids -- were left fuming.

Parents livid over Disney's decision to get rid of Disney Junior in Charter deal

The deal will see the return of ESPN and ABC just in time for the NFL's ‘Monday Night Football.' TV viewers rejoice!

Disney and Charter have just made nice: Here's what Spectrum cable subscribers can expect next

Just in time for Monday Night Football, the Walt Disney Company (DIS) will return its content to customers of Charter Communications' Spectrum cable video service, ending a 10-day standoff that saw impacted viewers lose access to ESPN and other Disney channels.

Disney, Charter Reach Deal to Restore ESPN, ABC to Spectrum Customers

The Walt Disney Company and cable giant Charter Communications worked out a distribution agreement that will bring ESPN and other popular channels back to Spectrum.

Disney, Charter reach deal restoring ESPN to Spectrum ahead of 'Monday Night Football'

After pressure from customers, particularly during recent sporting events such as the U.S. Open Tennis Championship, Walt Disney Co (NYSE:DIS) and Charter Communications Inc (NASDAQ:CHTR) have reached an agreement to return ESPN, ABC, and other Disney channels to Spectrum.

Walt Disney, Charter Settle Dispute; Stocks Rise

Disney stock, Charter shares rose after the two media companies reached a deal to end their blackout, just in time for Monday Night Football.

Disney Stock: NFL Fans Breathe Sigh Of Relief As Disney, Charter End Blackout

Charter Communications Inc (NASDAQ: CHTR) just announced to have reached a deal with Walt Disney Co (NYSE: DIS). Its shares are up nearly 4.0% at writing.

Disney has reached a deal with Charter Communications

The Walt Disney Company (NYSE:DIS) and Charter Communications, Inc. (NASDAQ:CHTR) have reached a deal that will see popular channels including ESPN and ABC returned to Charter's nearly 15 million cable subscribers following a blackout on the evening of August 31st that took effect when negotiations between the parties broke down.  The deal was reached ahead of the National Football League's first Monday Night Football match of the season between the New York Jets and the Buffalo Bills, which is airing on Disney's ESPN.

Disney and Charter end cable blackout in time for Monday Night Football

Charter and Disney reached an agreement before "Monday Night Football" in a rights deal that isn't transformational despite earlier rhetoric.

The Charter-Disney showdown didn't transform the TV industry, after all, despite the hype

Disney and Charter Communications on Monday ended their squabble that blacked out channels including ESPN and ABC to nearly 15 million subscribers — hours before the kickoff of “Monday Night Football.

Disney, Charter ink distribution deal to end blackout ahead of ‘Monday Night Football'

Spectrum operator Charter will restore access to Disney channels to its 15 million subscribers.

Disney-Spectrum Blackout Ends Hours Before ESPN's Monday Night Football

The deal comes just in time for Monday Night Football on ESPN.

Disney and Spectrum Deal Restores ESPN, ABC for Millions of Viewers

Disney+ Basic Ad-Supported Offering Will Be Included in Spectrum TV Select Video Packages, as Part of Wholesale Arrangement Between the Two Companies ESPN+ to be Included in Spectrum TV Select Plus Video Package and ESPN's Flagship Direct-To-Consumer Service Will Be Included for Spectrum TV Select Subscribers Upon Launch  Charter Will Make Disney's Direct-To-Consumer Services Available for Purchase by Its Broadband-Only Customers BURBANK, Calif. and STAMFORD, Conn.

THE WALT DISNEY COMPANY AND CHARTER COMMUNICATIONS ANNOUNCE TRANSFORMATIVE AGREEMENT FOR DISTRIBUTION OF DISNEY'S LINEAR NETWORKS AND DIRECT-TO-CONSUMER SERVICES

Spectrum operator Charter will restore access to Disney channels to its 15 million subscribers, multiple outlets reported.

Disney-Spectrum Blackout Will End Hours Before ESPN's Monday Night Football, Reports Say

Walt Disney Co. DIS, +1.59% and Charter Communications Inc. CHTR, +1.82% have reached an agreement that would end their carriage dispute, according to the Wall Street Journal. Disney stations have been dark on Charter's Spectrum cable service for more than a week, with viewers missing out on U.S. Open and college football coverage.

Disney and Charter's Spectrum have reached a deal in carriage dispute: reports

Disney and Charter Communications have reached a carriage renewal, ending a 10-day impasse that drew intense scrutiny to the shifting economics of pay-TV in the streaming era. The agreement was confirmed to Deadline this morning by a person familiar with the negotiations. CNBC and The Wall Street Journal had also reported on the deal.

Disney And Spectrum Reach Carriage Agreement, Ending Epic 10-Day Impasse In Time For ‘Monday Night Football'

Walt Disney and Charter Communications are nearing a distribution deal that would see the entertainment giant's programming return to the Spectrum cable service, CNBC reported on Monday, citing sources familiar with the matter.

Disney, Charter near distribution deal - CNBC

Disney and Charter are nearing a deal that would put an end to a blackout fight that could have affected millions of customers ahead of "Monday Night Football," according to sources.

Disney, Charter near carriage deal that would end cable blackout, sources say

Airbnb

Delta Air Lines

Expedia

Hilton Worldwide Holdings

MGM Resorts

Royal Caribbean Cruises

The search for the best travel stocks has recently gained momentum, and for good reason. Post-pandemic, travel and tourism sectors have rebounded impressively.

The 7 Best Travel Stocks to Buy Now: September 2023

Disney is a buy for contrarian investors who can hold for at least two years. Short-term catalysts include the reinstatement of dividends, the return to normalcy of air travel that will boost profits from the Parks and Experience segment even further, and Disney+ achieving profitability. With an experienced CEO at the helm, investors should feel assured that he will navigate Disney through the current issues and emerge stronger.

Disney: A Contrarian Pick With 3 Catalysts That Investors Disregarded

The Walt Disney Co. has agreed to pay $9.5 million to settle a class-action lawsuit over the Magic Key annual pass program at Disneyland, according to a court filing Thursday.

Disney Agrees To $9.5M Preliminary Settlement In Magic Key Annual Pass Lawsuit

A steady cadence of price increases is forcing streaming consumers to selectively cancel certain services. The industry has focused far too much on quantity, leaving subscribers overwhelmed.

Disney's Streaming Business Needs Help. Owning All of Hulu Probably Won't Provide It.

The Walt Disney Company has factors in its favor despite an overall difficult operating environment.

Great News for Disney Stock Investors

Football's availability this year highlights how much of the TV industry remains in flux years after cord-cutting became de rigueur—and as cable blackouts become more common.

News for Disney Stock (DIS)