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

BURBANK, Calif.--(BUSINESS WIRE)--In light of the tremendous success achieved to date in the Company’s direct-to-consumer business and to further accelerate its DTC strategy, The Walt Disney Company (NYSE: DIS) today announced a strategic reorganization of its media and entertainment businesses. Under the new structure, Disney’s world-class creative engines will focus on developing and producing original content for the Company’s streaming services, as well as for legacy platforms, while distri

The Walt Disney Company Announces Strategic Reorganization of Its Media and Entertainment Businesses

In a relatively short update today, California Governor Gavin Newsom hinted that movement is occurring between the Golden State and the likes of Disney and Universal over getting “people back to work” at some of the larger and smaller theme parks in the region. While not giving any details, the former San Francisco Mayor said...

Disneyland & California Continue “Good Faith” Talks Over Reopening Theme Parks With COVID-19 Protocols, Governor Says

Activist investors are now seeking to unlock supposed hidden value in Disney stock. However, the truth is that there's no bargain here.

Skip Disney as It Slashes 28,000 Jobs and Activists Swirl

Netflix

Spotify

The coronavirus pandemic amplified the streaming space in 2020, and this trend is here to stay. Here are the top streaming stocks to buy.

3 Streaming Stocks to Buy for 2021 and Beyond

Comcast

Twenty-First Century Fox

Advertisements delivered via streaming platforms are far more effective than conventional cable's scattershot ad approach.

Here's How Comcast, Fox, and a Few Others Will Survive the Cord-Cutting Nightmare

Disneyland is hoping to convince Gov. Gavin Newsom that the happiest place on earth is also one of the safest places in California. The theme park has adopted new health and safety recommendations in an effort to spur officials to allow it to welcome back guests, even as Newsom claimed this week that the state

Disneyland Adds Health And Safety Protocols In Hopes Of Reopening Soon

One activist investor sees big potential in Disney+, but will the company do what it takes to unlock it?

Can Disney Catch Netflix in Streaming?

Fans have never had so many options for sports content simultaneously and that has resulted in lower ratings for this premiere event and a revenue hit for the media giant.

Record-Low NBA Finals Viewership Is Bad for Disney

On Wednesday, activist investor Dan Loeb of Third Point sent a six-page letter to Bob Chapek, the CEO of The Walt Disney Company (NYSE:DIS).

Dan Loeb and Disney: Why I Agree and Disagree

Disney (DIS) is set to release Pixar Animation Studios' latest movie Soul exclusively on Disney+ on Dec 25.

Disney (DIS) to Release Pixar's Soul Exclusively on Disney+

The company defended its health and safety procedures and a theme park organization blasted Gov. Newsom's statements.

Disney Locks Horns With California Over Theme Park Reopenings

Daniel Loeb's Letter to Disney's CEO

The change would generate a massive return on the investment and establish Disney as a global video-streaming leader, Loeb said.

Activist Investor Dan Loeb Urges Disney to Cancel Its Dividend and Make More Disney+ Content Instead

In an unusual move, activist investor Daniel Loeb (Trades, Portfolio) is asking Walt Disney Co. (NYSE:DIS) to halt its dividend in favor of investing in new content for its subscription-based streaming service.

Favoring Content, Daniel Loeb Goes After Disney's Dividend

Axos Financial Inc.

Hasbro

These top-notch businesses face short-term headwinds, but their futures look as bright as ever.

3 Stocks You Can Buy on Sale

The media giant can save nearly $3.2 billion a year by not resuming its dividend. One activist thinks that money is best reinvested in digital content, but let's think outside the TV box.

Dear Disney: Don't Throw Your Dividend Away on Content

Disney (DIS) is under pressure to scrap dividend as demanded by activist-investor Daniel Loeb. He is urging the company to increase investment on Disney+'s content production and acquisition.

Will Disney (DIS) Bow to Investor Pressure to Scrap Dividend?

Why pay a steep price for a premier on top of a Disney+ subscription fee when you can watch the same movie for the same price a month later on other services?

Did Disney Just Scuttle Any Future Streaming Pay-Per-Views for Disney+?

Walt Disney Word will lay off 8,857 part-time union employees as part of the 28,000 staff cuts the entertainment announced late last month at its domestic parks. Disney didn’t announce the split between Orlando, which opened in July at reduced capacity, and Disneyland in Anaheim, which remains shuttered and according to California Governor Gavin Newsom

Walt Disney World Laying Off 8,800 Part-Time Union Staff As Part Of Broad U.S. Parks Retrenchment

Disney has been publicly pressuring the state government to let Disneyland reopen.

Newsom Hits Back At Disney, Says California In ‘No Hurry’ To Reopen Theme Parks

Disney's 2020 has been dreadful with one after another of its businesses getting slammed because of the coronavirus pandemic. The only real bright spot for the company this year has been its new and growing streaming service, Disney+.

Activist investor wants Disney to cancel its dividend and invest in Disney+

“We don’t anticipate in the immediate term any of these larger parks opening until we see more stability in terms of the data.” Those were the long-awaited words of California Governor Gavin Newsom on the fate of the state’s still-closed amusement parks.

California Governor Gavin Newsom Says Disneyland, Other Parks Not Opening Soon As He Reveals Disagreement With Disney Chief Bob Iger

Activist investor Dan Loeb of Third Point is calling on Walt Disney Co (NYSE: DIS) to maintain its dividend cut to fund its streaming offering Disney+. What He Said: Loeb took a stake in Disney in early 2020.

How Disney+ Can Surpass Netflix, According To Dan Loeb

Activist investor Daniel Loeb, whose Third Point owns a small stake in Disney, is urging the media giant to ditch its shareholder dividend and re-route those funds to streaming. “Beyond bringing additional subscribers onto the platform, increased velocity of dedicated content production will deliver several knock-on benefits spread across your existing base including elevated engagement,

Disney Urged By Investor Daniel Loeb To Ditch Shareholder Dividend And Use That Money To Fund Streaming

Third Point Capital's Dan Loeb is calling on Disney to permanently suspend annual dividend, use funds for Disney+ content.

News for Disney Stock (DIS)