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

Apple

Analysts got to the point early and often during a conference call late Wednesday: What are Disney Chief Executive Robert Iger's M&A plans, particularly following reports that former Disney executives Kevin Mayer and Tom Staggs, now co-CEOs of Blackstone-backed Candle Media, have been retained in a “consulting capacity” to decide ESPN's fate?

The long-simmering rumor of Apple buying Disney is resurfacing as Bob Iger looks to sell assets

Wynn Resorts

The Walt Disney Company (NYSE:DIS) shares added 2.7% after hours Wednesday despite mixed quarterly results hurt by continued streaming revenue concerns.  The entertainment behemoth posted revenue of $22.33 billion slightly behind Street expectations of $22.5 billion, along with earnings of $1.03 per share, compared to projections of $0.95.

The Afterhours: Disney, Lionsgate, Wynn Resorts, U-Haul

Disney plans to start exploring a crackdown on password-sharing in 2024. Disney CEO Bob Iger said the company already has tools to track password-sharing.

Disney+ is increasing its price (again) and gearing up for a crackdown on the 'significant' number of people sharing passwords

Walt Disney Co. is again boosting the prices of many of its streaming offerings as it faces pressure from Wall Street to improve the financials of its direct-to-consumer media offerings.

Disney is raising prices on Hulu and Disney+ again. Here's how much you'll soon pay.

Hulu raised its prices for the second time in 12 months.

Disney+, Hulu Raise Rates—Here Are The Other Streaming Services Hiking Prices

Disney earnings: More than doubles last quarter's decline, with most in India, though some is domestic. CEO Bob Iger promises a password crackdown in 2024.

New Record For Disney+: Sheds 11.7 Million Subscribers; Password Crackdown Coming

Disney CEO Bob Iger said Wednesday Disney will begin rolling out a crackdown on password sharing for its streaming services next year.

Disney says it will crack down on password sharing, following Netflix's lead

Disney is following through on stated plan to raise streaming prices (welcome news to investors if not to many consumers) as well as launching a bundled version of Disney+ and Hulu and expanding the ad-supported version of Disney+ to Europe and Canada.

Disney Hiking Prices Of Ad-Free Disney+ And Hulu And Rolling Out Bundle Of The Two; Will Expand Disney+ With Ads To UK, Canada And Europe In November

BURBANK, Calif.--(BUSINESS WIRE)--Following the successful ad-tier launch in the U.S., today, Disney+ (NYSE: DIS) announced an ad-supported offering will be available in select markets across Europe and in Canada beginning November 1. As pricing is updated for various plans later this year, subscribers in the U.S. will have access to a new ad-free bundled subscription plan, starting September 6, featuring Disney+ Premium and Hulu (No Ads) for $19.99/month. “The strong momentum of our ad-support.

Disney+ to Launch Ad-Supported Subscription Offering in Several Countries Across Europe and in Canada on November 1

Disney is raising prices on almost all of its streaming offerings as it looks to accelerate its profitability timeline.

Disney to raise price on ad-free Disney+ to $13.99 per month starting September 6

The Walt Disney Company reported slightly lower than expected revenue for its fiscal third quarter on Wednesday.

Disney reports lower-than-expected revenue for its fiscal third quarter

Disney shares stumbled in extended trading Wednesday after the company delivered mixed results hurt by continued streaming revenue concerns.  The entertainment behemoth posted revenue of $22.33 billion slightly behind Street expectations of $22.5 billion, along with earnings of $1.03 per share, compared to projections of $0.95.

Disney's fiscal 3Q hit by departing Disney+ subscribers

Walt Disney Co.'s stock dipped in after-hours trading Wednesday after the company posted quarterly results roughly in line with analysts' expectations amid a cost-cutting frenzy.

Disney posts smaller streaming loss amid cost-cutting moves, stock slips

Profits at the entertainment conglomerate were roughly flat quarter-over-quarter but down considerably compared to before the pandemic.

Disney Earnings: Streaming Losses Subside Even As Disney+ Subscribers Dwindle

Disney posted mixed results for the fiscal third-quarter despite ongoing streaming woes and massive restructuring costs from pulling content from its platforms.

Disney posts mixed results for quarter plagued by streaming woes, restructuring costs

Walt Disney on Wednesday exceeded Wall Street's estimates on adjusted per-share earnings and said it was on track to cut costs by more than the $5.5 billion it promised investors in February.

Disney cost cuts exceeding targets but quarterly revenue misses

Disney saw direct-to-consumer losses shrink and adjusted EPS top estimates for the three months ended in June as CEO Bob Iger said the company's on track to exceed $5.5 billion in anticipated cost savings. Total revenue of $22.3 billion (down 2%) was shy of forecasts.

Disney Cuts Streaming Loss, Takes $2.4B Charge For DTC Content Purge In Mixed June Quarter; Bob Iger Sees Cost Savings Topping $5.5B Target

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today reported earnings for its third quarter and nine months ended July 1, 2023. Revenues for the quarter and nine months grew 4% and 8%, respectively. Diluted earnings per share (EPS) from continuing operations for the quarter was a loss of $0.25 compared to income of $0.77 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter was $1.03, down from $1.09 in the prior-year quarter. EPS from contin.

The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2023

Penn Entertainment

PENN Entertainment shareholders celebrated after the entertainment company announced on Tuesday it would partner with Disney's ESPN to create a sports betting company.

PENN, Disney's ESPN $1.5B deal scores with investors

Disney's (DIS) ESPN and PENN Entertainment join forces to launch ESPN BET, a seamless sports betting experience, suggesting a solid portfolio of service offerings.

Disney's (DIS) ESPN Launches ESPN BET Sportsbook With PENN

Disney stock is trailing the market for the third year in a row. Bob Iger recently extended his tenure as CEO through 2026, giving him more time to flesh out his plan.

3 Things Disney's Bob Iger Needs to Say This Week

Penn may have been Disney's last option to monetize ESPN's brand in sports betting, and it raises key questions for the Magic Kingdom, one analyst said.

ESPN's Penn Deal Isn't Good for Disney Stock. 'It Feels a Bit Strange,' Analyst Says.

Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.﻿

Penn Entertainment Shares Jump After $2 Billion Sportsbook Deal With Disney's ESPN

PENN Entertainment Inc (NASDAQ:PENN) announced a second-quarter earnings and revenue beat before the open, amid a return to casinos and rising demand for online sports betting.

Penn Entertainment Stock Surges on Disney Deal

PENN Entertainment stock spiked 20% on Wednesday after announcing a $2 billion deal with ESPN. The company will partner with ESPN to launch ESPN Bets, a new US-based sports-betting platform.

News for Disney Stock (DIS)