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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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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

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

Cash from operations

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Change in working capital

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Purchase/sale of investments

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Cash from financing

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Cash from other sources

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Free cash flow

Despite a commitment to shave $3 billion a year in filmed and televised content, Disney+ has new programming coming this month. Disney World will resume the selling of annual passes to new buyers on April 20.

3 More Dates for Disney Stock Investors to Circle in April

Netflix

Warner Bros Discovery Inc

Warner Bros., Disney and even Netflix are trying to make their content spending go further.

The Video Streaming Numbers Game Is Shifting

Disney World's future hangs in the balance as the iconic theme park becomes the center of a high-stakes political battle between Florida's governor, Disney, and local government.

A Modern Fairy Tale Starring King Charles III

Moderna

Plus Brad Stone, head of Bloomberg's global tech coverage, shares insights about Amazon and what to watch in the growing AI industry.

Inflation Data, Disney Layoffs, Moderna's Prospects, and More Market News

Sports are seen, by some, as a panacea for streaming's costly content problem. While fantasy and sci-fi have plainly been popular drivers for audience growth so far in the so-called streaming war, nothing beats sports for fanaticism and brand loyalty - as a quick glance at the Premier League proves.

Can sports broadcasting save streamers Netflix, Disney - part 2

Apple

The trip highlights the key role tech and media industries play in the U.S.'s increasingly complex relationship with China.

Lawmakers meet with Apple, Disney CEOs as part of talks on competition with China

In late 2021, Disney World rolled out Genie+ at $15 per guest for a day of access to expedited queue reservations. It cost a record $35 a day this week.

Disney World Doesn't Have a Demand Problem

Warner's apparent eagerness to do business with JK Rowling in order to bring Harry Potter's Wizarding World to the small-screen for HBO, despite an inevitable backlash, underlines an obvious and unmissable point - streamers are starving for quality content and ‘fan favourite' intellectual property. It is, at the same time, the reasoning underlying the newly announced US$21bn merger of ‘sports entertainment' and mixed martial arts behemoths WWE and UFC, and, at least partially, what's driving the apparently massive premium in Manchester United's supposed £6bn valuation.

Disney, Warner, Netflix and an unquenchable thirst for content - part one

Effective immediately, Walt Disney Studios President of Marketing and 18-year studio vet, Asad Ayaz, has been named the first-ever Chief Brand Officer of The Walt Disney Company. CEO Robert Iger just announced the news.

Walt Disney Company Names Marketing President Asad Ayaz First-Ever Chief Brand Officer

Disney named Asad Ayaz as its first-ever chief brand officer, as CEO Bob Iger works to refocus the company on its core entertainment properties.

Disney names first brand chief as Iger refocuses on core properties

BURBANK, Calif.--(BUSINESS WIRE)--Asad Ayaz has been named the first-ever Chief Brand Officer of The Walt Disney Company (NYSE: DIS), effective immediately, it was announced today by Robert A. Iger, Chief Executive Officer. In this newly created role reporting to Iger, Ayaz will be responsible for stewarding and elevating the Disney brand globally across the entire ecosystem of company touchpoints and consumer experiences.

Asad Ayaz Named The Walt Disney Company's First-Ever Chief Brand Officer

Disney World will resume annual pass sales for all four of its year-round offerings on April 20. The passes being offered are being described as limited, just as they were two years ago when they didn't last long after hitting the market.

Disney World Brings Back All of Its Annual Passes

Disney has appointed Hulu president Joe Earley as its new head of direct-to-consumer, which could pave the way for a full acquisition of the streaming platform.

Disney Has a New Streaming Head. Why It Could Mean It Is Keeping Hulu.

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In 2015, I started publishing updates regarding my dividend growth portfolio, and I keep doing so every quarter. This is part of being transparent with my readers, so they can see what I hold and its correlation with my writing.

My Dividend Growth Portfolio - Q1 2023 Summary

Perlmutter is Disney's largest individual shareholder.

Ex-Marvel head Isaac Perlmutter says Disney fired him, will retain shares: report

Chief Executive Robert Iger has expressed concern on how much is spent on content.

Disney Names Joe Earley Head of Disney+, Hulu

LOS ANGELES--(BUSINESS WIRE)--The following is a statement by Ike Perlmutter, former Chairman of Marvel Entertainment and the largest individual shareholder of The Walt Disney Co. (NYSE: DIS) explaining the reason he believes he ended his working relationship with the company on March 29, 2023. “I have long expected that my working relationship with Disney would end.

Statement by Walt Disney Co.'s Largest Individual Shareholder Ike Perlmutter on Ending His Working Relationship with Company

Disney has a new streaming boss. Joe Earley, who was President of Hulu, has been promoted to President, Direct-to-Consumer, Disney Entertainment and Michael Paull, who was previously in that role, is leaving the company.

Joe Earley Promoted To Lead Disney's Streaming Efforts As Michael Paull Exits

Former Marvel Entertainment Chairman Isaac “Ike” Perlmutter claims Walt Disney Co. DIS, +0.35% dismissed him last week because he pushed the company too hard to slash costs and clashed with creative executives whom Disney Chief Executive Robert Iger wants to empower, a report says. “I have no doubt that my termination was based on fundamental differences in business between my thinking and Disney leadership, because I care about return on investment,” Perlmutter told The Wall Street Journal in a rare interview.

Perlmutter: Disney fired him ‘based on fundamental differences in business': report

The former chairman of Marvel Entertainment says in an interview that he was fired because he pushed Disney too aggressively to cut costs and ran afoul of creative executives.

Ike Perlmutter: Disney Fired Me From Marvel, I Wasn't Laid Off

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) will discuss fiscal second quarter 2023 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, May 10, 2023. Results will be released after the close of regular trading on May 10, 2023. To listen to the webcast, please visit www.disney.com/investors. The webcast presentation will be archived.

The Walt Disney Company Executives to Discuss Fiscal Second Quarter 2023 Financial Results via Webcast

While U.S. House Speaker Kevin McCarthy's meeting with Taiwanese President Tsai Ing-wen at the Ronald Reagan Presidential Library in Southern California today is angering Beijing, a key House panel's discussions this week with several American companies about China's growing influence on their industries is also likely to ruffle feathers in the world's second-biggest economy.

McCarthy to meet Taiwan's leader, while key House panel talks with Disney's Iger and Apple's Cook about China's growing influence

A steady stream of mid-budgeted films from various genres has bolstered ticket sales, augmenting big business from blockbusters.

More movies, more variety, more money: The box office is catching up to pre-Covid levels

Biogen

Bank of New York Mellon

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

News for Disney Stock (DIS)