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

S&P Global Ratings lowered the media giant's credit score due to difficult operational challenges on top of the Fox deal's already-awkward debt load.

Coronavirus: Walt Disney's Credit Rating Drops One Notch Lower

S&P Global Thursday lowered Walt Disney’s credit rating to A- (still at the higher end of investment grade) as the company’s theme parks and film and TV studios remain closed by social distancing orders and it’s unclear when they will be allowed to reopen. The actual hit to operating performance so far will be revealed

S&P Lowers Disney’s Credit Rating On COVID-19 Economic Uncertainty, Closed Parks

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Young investors aggressively bought the stock market dip in March, and here are the 10 stocks they bought the most.

10 Hot Stocks That Young Investors Bought Big in March

Comcast

Nexstar Media Group

With coronavirus boosting video streaming and wreaking havoc with live events, these three TV stocks are worth watching moving forward.

3 Traditional TV Stocks to Watch Now

This is the third article in my series about The Walt Disney Company (DIS). In the first article, I looked at the Parks, Experiences and Products business, as well as the Studio Entertainment business.

Disney Valuation, Part 3: Disney+

The doors to the Magic Kingdom may not reopen for a year due to strict social distancing measures enforced as the coronavirus pandemic spreads across the country. Disney, which shuttered the Disneyland Resort in Anaheim, Calif.

Disney World, Disneyland may stay closed until 2021: analyst

S&P Global Ratings downgraded Walt Disney Co.'s rating to A-minus on Thursday, citing the impact on the entertainment company of COVID-19 which has shuttered its theme parks and kept TV and film studio productions on hold.

S&P downgrades Disney's credit rating to A-minus as parks, film production remain on lockdown

DIS stock will feel the pinch from the coronavirus. However, Disney is off its lows as the company's long-term catalysts kick in.

Here’s Why the Coronavirus Will Make Disney Stock a Buy

It's been 22 years since the theme park giant opened a new park in Florida. The competition is taking a more active approach.

Disney World Needs a Fifth Theme Park Now More Than Ever

Abigail Disney has hit out at The Walt Disney Company for protecting executive bonuses and dividends, while at the same time laying off nearly half its workforce.

'I've been holding my tongue': Disney heir criticises company's bonuses

Apple

Amazon

Netflix

AT&T

Subscription churn was looming even before things got rough on Main Street.

Will Economic Strain Make Households Cut Streaming Subscriptions?

Align Technology

Bank of America

These stocks have been hit hard by the coronavirus outbreak. But investors who buy now should enjoy tremendous long-term gains.

3 Great Stocks You Can Buy on Sale: ALGN, BAC & DIS

Comparing the trend in Walt Disney’s (NYSE: DIS) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 35% once fears surrounding the coronavirus outbreak are abated. A detailed comparison of Disney’s performance.

Could Disney’s Stock Rise By 35% Post Coronavirus Crisis?

Abigail Disney hits out at executive payouts while staff weather coronavirus impact

Disney heir criticises company over $1.5bn bonuses as it cuts pay

Disney: Creative Destruction Of Value

Netflix CEO Reed Hastings praises Disney's streaming service: 'I've never seen such a good execution of the incumbent learning a new way'

Disney+ has a big fan: Netflix CEO Reed Hastings

One analyst doesn't see Disney's domestic parks reopening until January, but reality will paint a different picture that is as cruel as it is kind.

Will Disney World or Disneyland Open in 2020?

Disney isn't doomed, but it's going through too many changes right now for you to make a solid investment thesis on DIS stock.
The post Steer Clear of Disney Stock Ahead of Earnings appeared first on InvestorPlace.

Steer Clear of Disney Stock Ahead of Earnings

Shares of Walt Disney Co. DIS, -4.09% are down 1.2% in premarket trading Tuesday after Citi Research analyst Jason Bazinet lowered his target price on the stock to $135 from $161.

Disney stock falls after Citi cuts target

Can the House of Mouse weather a massive financial storm?

How Risky Is Walt Disney?

Parks and Resorts is Disney's largest division, responsible for 35% of its revenue in 2019. That reliance on gathering large groups of people in public lies at the heart of Disney's challenges right now.Dis

Why Disney is furloughing workers and the other media giants aren't

Disney Is Worth $127 Per Share, Even After COVID-19

Shares of Disney (NYSE:DIS) trade around 3% lower in New York today after UBS downgraded the stock from “buy” to “neutral” as concerns over the company’s park segment are mounting.  Fundamental analysis: The eye of the storm In a note titled “The Eye of the Storm”, UBS analyst John Hodulik downgraded the Disney stock from “buy” to “neutral” on the increased concerns of the coronavirus outbreak on the media giant business.

Disney stock price slides 3% as UBS downgrades to neutral

The parks could stay closed until the beginning of 2021, said UBS analyst John Hodulik.

Disney Parks May Not See A Full Recovery Until Coronavirus Vaccine, Shares Drop 3% On Wall Street Downgrades

The company is trying to save money while its theme parks are closed.

News for Disney Stock (DIS)