Core Insights - The planned streaming sports joint venture Venu has become irrelevant as ESPN explores other opportunities with "skinny" bundles [1][2] - The emergence of these skinnier bundles has led to a strategic shift for ESPN, making it available on multiple platforms [2][4] - The goal for ESPN is to enhance accessibility for consumers through various consumption methods, including apps and traditional bundles [3] Industry Developments - Distributors like DirectTV, Comcast, and Fubo have launched or will launch skinny bundles, impacting the market landscape [4] - Venu was a collaboration between Disney, Fox, and Warner Bros. Discovery, which ultimately settled with Fubo for $220 million [5] - Disney plans to merge Hulu + Live TV with Fubo, taking a 70% stake in the new entity, pending regulatory approval [5][6] Product Enhancements - ESPN+ is integrated into Disney+, driving user engagement, with plans for significant enhancements including betting, fantasy, and customization [7] - The standalone ESPN+ will be offered alongside bundles with Disney+ and Hulu, with a focus on strategic pricing [8]

Walt Disney (DIS) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this entertainment company would post earnings of $1.09 per share when it actually produced earnings of $1.14, delivering a surprise of 4.59%.Over the last four quarters, the ...

Walt Disney surprised analysts with a strong first-quarter performance, driven by an uptick in its direct-to-consumer segment and content sales.Entertainment conglomerate Walt Disney (DIS -0.61%) delivered fiscal 2025 first-quarter financial results on Wednesday. Feb. 5, that beat Wall Street's consensus estimates. Analysts had anticipated adjusted earnings per share (EPS) of $1.45, but Disney managed $1.76. The company's Q1 revenue climbed to $24.69 billion, coming in just ahead of the projected $24.67 bil ...

Shares of The Walt Disney Co. (DIS) rose in premarket trading Wednesday after the entertainment giant reported fiscal 2025 first-quarter results above analysts' expectations. Disney posted net income of $2.55 billion, or $1.40 per share, on revenue of $24.69 billion. Analysts had expected $2.38 billion, or $1.31 per share, on revenue of $24.63 billion, per Visible Alpha. Disney's Direct-to-Consumer (DTC) business reported an operating profit of $293 million. The unit became profitable in the prior two quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number 001-38842 Delaware 83-0940635 State or Other Jurisdiction of I.R.S. Employer Identification Incorporation or Organiza ...

Financial Performance - Revenues increased 5% for Q1 fiscal 2025 to $24.7 billion from $23.5 billion in Q1 fiscal 2024[6] - Income before income taxes increased 27% for Q1 to $3.7 billion from $2.9 billion in Q1 fiscal 2024[6] - Diluted EPS increased 35% for Q1 to $1.40 from $1.04 in Q1 fiscal 2024[6] - Total segment operating income increased 31% for Q1 to $5.1 billion from $3.9 billion in Q1 fiscal 2024[6] - Net income attributable to The Walt Disney Company rose to $2,554 million, compared to $1,911 million in the same quarter last year, marking an increase of 33.7%[47] - Income before income taxes for Q1 2024 was $3,660 million, a 27% increase from $2,871 million in Q1 2023[66] Subscriber Metrics - Disney+ and Hulu subscriptions reached 178 million, an increase of 0.9 million vs. Q4 fiscal 2024[6] - Disney+ paid subscribers decreased by 0.7 million to 124.6 million, with domestic subscribers increasing by 1% to 56.8 million and international subscribers decreasing by 2% to 67.8 million[25] - Hulu's total paid subscribers increased by 3% to 53.6 million, with SVOD only subscribers rising by 3% to 49.0 million[25] Revenue Growth - Direct-to-Consumer advertising revenue declined 2%, but excluding Disney+ Hotstar in India, it was up 16% vs. Q1 fiscal 2024[6] - Content Sales/Licensing revenue increased by 34% to $2.183 billion, with operating income improving to $312 million from a loss of $224 million[28] - ESPN domestic revenue increased by 9% to $4.422 billion, while international revenue rose by 7% to $389 million, resulting in total ESPN revenue of $4.811 billion, an 8% increase[29] - Parks & Experiences revenue increased by 3% to $9.415 billion, with domestic revenue rising by 2% to $6.432 billion and international revenue increasing by 12% to $1.646 billion[32] Cash Flow and Expenses - Approximately $15 billion in cash is expected to be provided by operations in fiscal 2025[11] - Cash provided by operations increased by $1.020 billion to $3.205 billion, while free cash flow decreased by $147 million to $739 million[42] - Cash provided by operations for the quarter was $3,205 million, compared to $2,185 million in the previous year, indicating a growth of 46.6%[51] - Cash used in investing activities for Q1 2024 was $2,575 million, compared to $1,246 million in Q1 2023[68] - Cash and cash equivalents at the end of Q1 2024 were $5,582 million, down from $7,247 million at the end of Q1 2023[68] Capital Expenditures and Assets - Capital expenditures increased significantly to $2,466 million from $1,299 million, primarily due to higher spending on cruise ship fleet expansion in the Experiences segment[44] - Total assets as of December 28, 2024, were $197,046 million, a slight increase from $196,219 million as of September 28, 2024[49] Tax and Interest - The effective income tax rate increased to 27.8% from 25.1% due to a non-cash tax charge related to the Star India Transaction[39] - Interest expense decreased by 8% to $487 million, while net interest expense increased by 49% to $367 million due to lower average rates and debt balances[36] - Interest expense increased to $367 million from $246 million year-over-year, reflecting a rise of 49.2%[47] Restructuring and Impairment - The company experienced a restructuring and impairment charge of $143 million during the quarter, which was not present in the prior year[47] - Restructuring and impairment charges for Q1 2024 amounted to $143 million, with no such charges reported in Q1 2023[66]

Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella's Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024.Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger's successor.Here is what Wall Street expects Disney to report on Wednesday, according ...

Walt Disney Co DIS will be reporting its first-quarter earnings on Wednesday. Wall Street expects $1.45 in EPS and $24.62 billion in revenues as the company reports before market hours.The stock is up 16.74% over the past year, 1.79% year-to-date.Let’s look at what the charts indicate for Disney stock and how the stock currently maps against Wall Street estimates.Read Also: Disney CEO Bob Iger’s Pay Surges 30% In 2024: DetailsDisney Stock Is Strongly Bullish Ahead Of Q1 EarningsDisney is displaying strong b ...

Shares of Walt Disney (DIS 0.83%) have been trending higher in the past several months. Thanks to improving financial performance and positive market sentiment, the stock has climbed 26% in the last six months. This gain meaningfully outpaces the broader S&P 500. As of this writing, shares still trade 44% off their all-time high, which was achieved in March 2021. Investors might believe the business still deserves a closer look. Should you buy Disney stock while it's below $120?Profitability trending higher ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Walt Disney (DIS) , which belongs to the Zacks Media Conglomerates industry.When looking at the last two reports, this entertainment company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.21%, on average, in the last two quarters.For the most recent quarter, Disney was expected to post earnings of $1.09 p ...