Walt Disney posted better-than-expected quarterly results and raised its annual profit forecast on Wednesday, led by gains in streaming business, which is expected to be the centerpiece of its growth strategy in coming years. In the last 24 hours, the media and entertainment company entered two major deals with the National Football League and WWE as it readies its $29.99-per-month ESPN streaming service that will give viewers access to sporting events, including the NFL and National Basketball Association. ...

Walt Disney (DIS) reported $23.65 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 2.1%. EPS of $1.61 for the same period compares to $1.39 a year ago.The reported revenue represents a surprise of -0.14% over the Zacks Consensus Estimate of $23.68 billion. With the consensus EPS estimate being $1.46, the EPS surprise was +10.27%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

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Core Viewpoint - Disney's stock fell over 4.6% to $112.84 following its Q3 earnings report, which showed a 2% year-over-year revenue growth to $23.7 billion, meeting expectations, while adjusted earnings per share exceeded analyst forecasts [1] Financial Performance - Revenue for Q3 increased by 2% year-over-year to $23.7 billion, aligning with market expectations [1] - Adjusted earnings per share were reported at $1.61, surpassing analyst predictions of $1.45 [1] - The operating profit for the entire entertainment segment, including television networks and movies, declined by 15% to $1 billion [1] - The film division recorded a loss of $21 million during the quarter [1] Business Segment Highlights - The theme parks and streaming services showed strong performance, contributing positively to the overall revenue [1]

Core Insights - Disney plans to integrate Hulu into the Disney Plus streaming service, with international availability expected next year [1][2] - The Hulu tile will replace the Star tile for international customers this fall, enhancing user choice and convenience [2] - Upcoming improvements to the Disney Plus app will include new features and a personalized homepage, leading to a unified streaming experience [3] Integration and Features - The merged streaming app will provide family programming, news, and live sports content, consolidating offerings from Disney and Hulu [3] - The integration aims to create efficiencies by utilizing a single tech platform, potentially leading to new bundling options for customers [3][4] Pricing and Bundling - The merger may introduce price elasticity and enhanced bundling experiences, combining Disney-branded programming with general entertainment and sports content [4] - A new standalone sports streaming service, ESPN, will launch on August 21, with pricing starting at $36 per month, included in current Disney bundle offerings [4]

每经记者｜宋欣悦 每经编辑｜陈柯名 兰素英 ④ 【AMD二季度"增收不增利"，盘前跌超5%】美芯片巨头AMD盘前跌超5%。消息面上，公司最新公布的财报显示，其二季度的营收超出预期，不过， 二季度营业利润率仅为12%，上年同期为22%。二季度调整后净利润7.81亿美元，同比下降31%。 ⑤ 【马斯克：特斯拉正在训练新的FSD模型】8月6日，马斯克在X上发文称，特斯拉正在训练新的FSD模型，新模型的参数规模约为当前版本的十倍，如 果一切顺利则可能会在下个月底准备好面向公众发布。 ⑥ 【大幅下调营收指引，超微电脑盘前跌超16%】超微电脑盘前跌超16%。消息面上，超微电脑公布的第四财季报告显示，公司预计下季度营收在60亿 ~70亿美元之间，调整后每股收益在0.40~0.52美元之间。2026财年营收预期从此前的400亿美元下调至330亿美元，降幅达17.5%。 ⑦ 【诺和诺德减肥药Wegovy第二季度销售额飙升67%】周三，丹麦制药巨头诺和诺德公布了其2025年第二季度财报。财报显示，其核心产品Wegovy二季 度销售额同比大增67%，至195.3亿丹麦克朗。 ⑧ 【美国卫生部撤回mRNA疫苗开发拨款，众多疫苗大厂" ...

Core Insights - Disney is exploring potential bundling opportunities with other sports programmers as it prepares for the launch of ESPN's streaming service [2][4] - ESPN's new streaming app will launch on August 21 at a price of $30 per month, offering access to all ESPN linear networks and exclusive digital content [2] - Fox Corp. is also set to launch its streaming service, Fox One, on the same day, which will include news, sports, and entertainment [3] Group 1 - Disney's bundling strategy has been successful in the past, particularly with its Hulu/Disney+/ESPN+ package and a partnership with Warner Bros. Discovery for an HBO Max-Disney bundle [4] - The sports sector is particularly suitable for bundling due to the decline of traditional pay-TV and the rise of niche services [4] - Disney aims to enhance consumer experience by making it easier to access sports content across platforms [5] Group 2 - Disney's recent announcements include a significant deal with the NFL to exchange equity for control of NFL Media assets [5] - The company reported solid quarterly financial results, indicating a stable performance amidst the evolving media landscape [5]

迪士尼公布财报数据显示，2025财年第三季度营收236.5亿美元，同比增长2%；第三财季调整后每股收 益1.61美元，上年同期1.39美元。 ...

Entertainment giant Disney, which is counting on its streaming and theme-park businesses to drive growth, raised its profit forecasts for the fiscal year https://t.co/w11EifAMuq ...

Financial Data and Key Metrics Changes - The company reported a record Q3 revenue number for Walt Disney World, indicating strong performance in the experiences segment [46] - Operating income growth for the experiences segment is expected to be around 8% for the fiscal year [44] Business Line Data and Key Metrics Changes - The film studio segment has seen renewed momentum with the live-action "Lilo and Stitch" crossing the $1 billion mark at the worldwide box office, marking Disney's fourth billion-dollar film in just over a year [8][9] - The integration of Hulu into Disney+ is expected to enhance the streaming offering, providing a more comprehensive entertainment package [10][29] Market Data and Key Metrics Changes - Domestic parks have experienced an 8% year-over-year increase in per capita spending, the best growth in over two years [90] - Forward bookings for Disney Cruise Line are reported to be very strong, with high occupancy rates [47][78] Company Strategy and Development Direction - The company is focusing on quality and innovation, with plans to expand its parks and experiences globally [6][13] - ESPN is being developed into a leading digital sports platform, with a direct-to-consumer offering launching soon [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's trajectory, citing a robust portfolio of growth businesses and a deep library of beloved IP [13] - The NFL deal is expected to provide ESPN with more games and enhance the overall viewer experience, which is anticipated to be accretive in the first year after closing [20][23] Other Important Information - The company is launching two new cruise ships, which are expected to enhance its offerings and brand presence in new markets [52][75] - The integration of Hulu into Disney+ is aimed at improving consumer experience and reducing churn [28][29] Q&A Session Summary Question: Can you elaborate on the NFL relationship and its impact on ESPN's growth? - The NFL deal will provide ESPN with more games than ever before, increasing audience engagement and revenue potential [17][20] Question: How will the integration of Hulu into Disney+ accelerate DTC growth? - The integration is expected to enhance consumer experience, lower churn, and improve advertising revenue opportunities [27][28] Question: What are the expectations for engagement with the new ESPN app? - The new ESPN app is designed to provide a more compelling experience for sports fans, with features that enhance engagement and reduce churn [39][40] Question: Can you discuss the trends in domestic theme park attendance and spending? - Attendance and per capita spending have both shown positive trends, with strong performance despite competitive offerings [90][92] Question: What is the outlook for content spending in the upcoming fiscal year? - Content spending is expected to focus on international growth opportunities rather than a significant increase in domestic content [85][86]