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.

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

Peltz called off his proxy fight on Thursday after Disney announced a restructuring plan that is expected to save the company $5.5 billion.

Activist investor Nelson Peltz reportedly scored a $150 million profit in his 3-month proxy fight against Disney

Walt Disney's sales and earnings beat expectations, lifting the stock price by +5% following the announcement of earnings on Wednesday, February 8th, 2023. Parsing through the figures, we come away impressed and anticipate profit margins to reach high single digits, 9%-10%, by FY '25.

Walt Disney Raising Our Price Target After Potentially The Best Quarter In A Decade

The media giant is bringing back its payouts after a four-year absence. It's not necessary.

Disney Doesn't Really Need to Bring Back Its Dividend

Disney is finally preparing to bring back the dividend.

Can Disney Afford To Pay a Dividend?

How big will it be? When will the first dividend go out?

Disney Is Bringing Its Dividend Back: Here's What You Should Know.

After raising prices late last year, 2023 is already shaping up well for the streaming business.

The Disney+ Price Hike Is Working Out Better Than Planned

Disney is cutting 7,000 roles from its global workforce, totalling 3% of the company.

Disney Layoff 7,000 As Embattled House Of Mouse Announces Restructure

Comcast

Disney CEO Bob Iger said "everything was on the table" with regard to Hulu's ownership.

Disney CEO Bob Iger's potential willingness to sell Hulu is a reversal in strategy

Disney posted a stronger-than-expected set of Q1 FY'22 results on Wednesday and announced a major reorganization of its businesses.

Does Disney's Big Overhaul Make The Stock A Buy?

PepsiCo

The impact of inflation and macroeconomic pressures is clear from financial reports.

What Disney and PepsiCo Said About the Consumer Economy

Disney released results for revenue and earnings above estimates from analysts, with CEO Bob Iger providing insights and updates on the entertainment giant in an earnings call.

Disney's first-quarter earnings contain some notable elements

Jim Cramer gave his take on Disney after CEO Bob Iger unveiled a restructuring and cost-cutting plan for the company.

Jim Cramer says Disney stock has more upside thanks to Bob Iger's turnaround plan

Disney shares slid into red numbers Thursday after jumping 5% earlier in the day on the news that activist investor Nelson Peltz has ended his proxy fight with the company. The stock finished at $110.22 on more than triple its normal trading volume.

Disney Stock Gives Up Gains After Proxy Truce, But Wall Street Analysts Hail Bob Iger Reorg And Financial Progress

Activist investor Nelson Peltz of the Trian Group has announced the of his proxy fight with the Walt Disney Co and CEO bob Iger after the entertainment company unveiled restructuring plan that included cost cuts and 7,000 layoffs.

Disney proxy fight over for Iger, Nelson Peltz claims victory

So far, the return of Bob Iger as Walt Disney Co. chief executive is going as Wall Street had hoped: He got rid of pesky activist investor Nelson Peltz, is moving to restore the dividend — albeit a modest one — and is making tough cuts while reorganizing the entire company.

Iger gets the activist investor off Disney's back, but there is plenty more to do

Bob Iger announced a number of strategic changes on their earnings call, and investors were pleased.

Bob Iger Moving Quickly To Get Walt Disney Company Back On The Right Track

Walt Disney Co. DIS, +2.22% Chief Executive Bob Iger on Thursday outlined the media giant's major reorganization announced a day earlier. Under the plan, which entails 7,000 layoffs and $5.5 billion in cost savings, Disney will be cut into three core businesses.

Disney outlines reorganization plan

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company announced details of its strategic restructuring that will refocus the organization on creativity, empower creative leaders and ensure they are accountable for all aspects of their businesses globally, and put the company's streaming business on a path to sustained growth and profitability.

The Walt Disney Company Announces Strategic Restructuring, Restoring Accountability to Creative Businesses

Shares of The Walt Disney Company (NYSE: DIS) have been on a roller coaster ride for the last few years, leaving investors less than enthused. The latest twist in the ride, however, included the renaming of Bob Iger to the helm, a move that is getting lots of positive attention.

Disney Stock and The Bob Iger Effect

Walt Disney Co (NYSE: DIS) is in the green today after reporting a market-beating quarter and making a series of announcements that cheered shareholders. Nelson Peltz says the proxy fight is over Last night, the entertainment conglomerate revealed plans of cutting 7,000 jobs worldwide.

Is Disney stock a ‘buy' after Nelson Peltz ditched the proxy fight?

Disney has offiically responded to news this morning that Nelson Peltz and his Trian Fund are no longer trying to crash its board. The activist investor broke the news earlier this morning on CNBC that he has dropped his proxy battle and wishes the company and its CEO Bob Iger the best.

Disney Appreciates Nelson Peltz' Decision To Back Off Proxy Fight, Says It “Respects And Values The Input Of All Shareholders”

NEW YORK--(BUSINESS WIRE)--Trian Fund Management, L.P. (“Trian”), whose investment funds collectively own approximately 9.4 million common shares of The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”) valued at approximately $1 billioni, today issued the following statement: “We congratulate Disney and Bob Iger on their recently announced operating initiatives, which are a win for all shareholders and broadly align with our thinking.

Trian Applauds Recent Initiatives Announced by Disney as a Win for All Shareholders and Concludes Proxy Campaign

Fidelity MSCI Telecommunication Services Index ETF

Invesco Dynamic Media ETF

Invesco NASDAQ Internet ETF

Vanguard Telecommunication Services ETF

Communication Services Select Sector SPDR Fund

The Walt Disney Company (DIS) beat estimates for both earnings and revenues. Shares of Disney rose 6.6% in pre-market trading at the time of writing.

Disney Surges on Fiscal Q1 Earnings Beat: 5 ETFs to Stream

The 71-year-old Iger shocked the business world when he returned to the helm of the entertainment and media empire this past November.

Disney CEO Bob Iger says he will step down in two years

Better-than-expected earnings and a robust turnaround plan boosted the House of Mouse.

News for Disney Stock (DIS)