Core Viewpoint - The Walt Disney Company is expected to face scrutiny over various challenges, including the suspension of Jimmy Kimmel, tough box office comparisons, and a carriage dispute with YouTube, when it reports its fourth-quarter financial results [1]. Earnings Estimates - Analysts predict Disney will report fourth-quarter revenue of $22.75 billion, an increase from $22.57 billion in the same quarter last year [2]. - Expected earnings per share (EPS) for the fourth quarter is $1.05, down from $1.14 in the previous year [2]. - Disney has surpassed analyst revenue estimates in five of the last ten quarters and has beaten EPS estimates for nine consecutive quarters [2]. Expert Insights - Streaming is anticipated to be a significant topic in the fourth-quarter results, with a focus on the new ESPN streaming platform and price increases for Disney+ [3][4]. - The new ESPN platform is expected to reach around 500,000 subscribers in its first quarter and two million by the end of fiscal 2026, potentially generating nearly $500 million in new revenue [5]. - For Disney+, an addition of approximately 500,000 net new domestic subscribers is expected in the fourth quarter, with a projected 15% increase in average revenue per user due to price hikes [6]. Key Items to Watch - The report comes at a crucial time for Disney, with recent developments including a partnership with FuboTV, the end of ESPN Bet, and ongoing disputes with YouTube affecting subscriber access to key programming [8][10]. - Investors will be keen to see if the Kimmel suspension has led to significant subscriber losses and whether the company has gained subscribers ahead of the price increases [9]. - The fourth quarter may show a decline in box office performance due to tough comparisons with last year's hits, with the combined gross of current films being around 57% of last year's top performers [11]. Upcoming Content and Guidance - Disney is likely to highlight its upcoming content slate, including "Zootopia 2" and "Avatar: Fire and Ash," as well as a Taylor Swift docuseries launching on Disney+ [12]. - The company may provide early guidance for the next fiscal year, which could influence stock performance as the year ends [12].

Core Viewpoint - Walt Disney Co. is experiencing significant revenue loss, approximately $30 million per week, due to its ongoing dispute with YouTube TV, which has resulted in the blackout of ESPN, ABC, and other Disney-owned channels for about 10 million subscribers since October 30 [1][5][10]. Group 1: Financial Impact - Morgan Stanley analyst Ben Swinburne estimates that if the blackout continues for two weeks, Disney's revenue could decrease by $60 million, equating to about $4.3 million per day [5][6]. - Swinburne has revised Disney's quarterly net income estimate down by $25 million to $1.52 billion, indicating a potential earnings impact of about 2 cents per share [6]. - The blackout threatens Disney's viewership and affiliate payments linked to live sports broadcasts, highlighting the company's reliance on ESPN's carriage fees and advertising revenue [6]. Group 2: Subscriber and Market Reaction - YouTube TV is attempting to mitigate subscriber dissatisfaction by offering a $20 credit to affected customers, which could cost Google nearly $200 million if all subscribers redeem it [7]. - The ongoing dispute has led to millions of viewers missing key sports events, including significant NFL games [13]. - Disney executives have indicated that negotiations have stalled, with Disney accusing YouTube TV of seeking "below market" terms, while YouTube claims Disney is demanding higher fees than those charged to competitors [10][11]. Group 3: Future Considerations - Analysts suggest that Disney could potentially attract subscribers who leave YouTube TV to its own live-TV services, such as Hulu + Live TV, Fubo, and the ESPN app [12]. - Disney is scheduled to report its quarterly earnings soon, where executives are expected to address the financial impact of the blackout and the potential return of ESPN and ABC to YouTube TV [14].

Core Points - Disney is celebrating its long-standing relationship with American service members through special Veterans Day events and merchandise [1][3] - The company has a historical connection to the military, with founders Walt and Roy Disney having served during World War I [2][14] - Disney's "Heroes Work Here" initiative aims to hire, train, and support veterans, having launched in 2012 [2][14] - Disney has donated over $20 million to organizations that assist veterans and their families [14] Veterans' Experiences - Cappy Surette, a retired U.S. Navy captain, joined Disney in 2012 and has been involved in creating military-inspired merchandise [2][5] - Brian Iglesias, a veteran and ESPN Vice President, emphasizes the teamwork and leadership skills gained from military service [6][8] - Veterans working at Disney feel a sense of pride and appreciation for the company's recognition of their service [5][10] Events and Ceremonies - Special flag retreat ceremonies will be held at Walt Disney World and Disneyland on Veterans Day to honor veterans who are now Disney employees [11] - The ceremonies are part of a broader effort to celebrate the contributions of veterans to the company and its history [12][15]

Core Insights - The confrontation between Disney and YouTube TV over carriage negotiations highlights significant changes in the media landscape, including media consolidation and the rise of big tech, making quick resolutions to such disputes less likely than in the past [2][4][5] Industry Dynamics - Historically, media content providers and distributors relied on each other, with dual revenue streams being crucial for both parties [3] - The traditional multichannel video model is under severe pressure, with multichannel video homes declining from over 100 million in 2013 to slightly more than 50 million today, and virtual MVPDs like YouTube TV showing little interest in paying for channels that are not watched [4][5] - The diminishing power of local media ownership has led to a situation where corporate giants are increasingly disconnected from local communities, reducing the political pressure that once facilitated negotiations [6][7][8] Power Shift - The current power dynamics have shifted, with traditional media companies like Disney facing greater stakes in negotiations compared to tech giants like YouTube TV, which has 10 million subscribers and may become the largest multichannel video provider in the U.S. by 2026 [9][10] - Disney is estimated to be losing $30 million a week due to the YouTube TV dispute, which poses a significant challenge for its $17 billion ESPN business [10][11] Consumer Impact - Despite the proliferation of content options, consumers face challenges in accessing broadcast stations and cable networks, particularly if they have cut the cord and do not wish to return to traditional cable bundles [12][13] - Disney is betting on its ESPN app, which has gained over 2 million subscribers since its launch, as a potential solution to the distribution challenges posed by the YouTube TV dispute [14]

Beneath the Headlines—Disney’s Potential WinsThe Immediate Pain PointsSurvey data from Drive Research paints a concerning picture for both parties. Among YouTube TV subscribers, 56% cite live sports as their primary reason for subscribing, and 33% subscribed specifically for ABC programming.With core Disney networks—including ESPN and ABC—now absent from the YouTube platform, the service’s value proposition has all but disappeared for most users. The resulting churn is massive, with 82% of subscribers indic ...

Core Viewpoint - The Walt Disney Company is set to release its fourth-quarter earnings on November 13, with analysts expecting a decline in earnings per share and a slight increase in revenue compared to the previous year [1] Financial Performance - Analysts predict Disney's quarterly earnings to be $1.02 per share, down from $1.14 per share in the same quarter last year [1] - The consensus estimate for Disney's quarterly revenue is $22.78 billion, compared to $22.57 billion in the previous year [1] Business Developments - Disney has merged Fubo's business with its Hulu + Live TV service, creating the sixth-largest pay TV company in the U.S. with nearly 6 million subscribers [2] - The company currently offers an annual dividend yield of 0.89%, translating to a semi-annual dividend of 50 cents per share, or $1.00 annually [2] Dividend Analysis - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 6,000 shares, equating to an investment of about $673,440 [3][4] - For a more conservative monthly income goal of $100, an investor would need 1,200 shares, requiring an investment of around $134,688 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [5] - Changes in the dividend payment itself can also affect the dividend yield; an increase in dividend payment raises the yield, while a decrease lowers it [6] Stock Performance - Disney's shares rose by 1.4%, closing at $112.24 on Monday [6]

Core Viewpoint - The company has obtained official licensing for Disney IPs such as Frozen, Toy Story, Zootopia, and Monsters University, aiming to develop market-competitive products that leverage the unique attributes of these IPs to enhance consumer choices and commercial value [2] Group 1 - The company plans to create products that align with the unique characteristics of the Disney IPs and the needs of target audiences [2] - The focus will be on developing trendy products that maintain high brand recognition and market competitiveness [2] - The strategy aims to continuously release the commercial value of the IPs, providing consumers with distinctive purchasing options [2]

Disney is losing $30 million in revenue a week from its standoff with YouTube TV over rates, according to Morgan Stanley. Sports fans may feel like the big losers from a carriage dispute that's kept Disney's TV networks, including ESPN and ABC, off YouTube TV since October 30. Until a deal is reached, YouTube TV subscribers will miss shows and games, including a high-profile "Monday Night Football" matchup.The Mouse House and Google are also feeling the pain. Disney is likely to face a $60 million revenue ...

Core Insights - The Walt Disney Company is set to report its fourth-quarter fiscal 2025 results on November 13, with expected revenues of $22.88 billion, reflecting a modest growth of 1.37% year-over-year, while earnings per share are projected to decline by 9.65% to $1.03 [1][5][19] Financial Performance - The consensus estimate for earnings per share has remained steady at $1.03 over the past 30 days, with a historical earnings surprise of 10.27% in the last reported quarter [2][4] - The company has consistently beaten earnings estimates in the past four quarters, with an average surprise of 14.99% [2] Segment Performance - The Experiences segment is projected to generate revenues of $8.46 billion, indicating a marginal growth of 2.7% year-over-year, despite facing operational pressures due to reduced crowd levels at theme parks [10][11] - The Entertainment segment is expected to achieve revenues of $11.01 billion, reflecting a 1.7% increase year-over-year, with a target of $1.3 billion in Direct-to-Consumer operating income [6][3] Strategic Initiatives - Disney anticipates a significant increase in Disney+ and Hulu subscriptions, with a projected growth of over 10 million subscribers compared to the fiscal third quarter, driven by an expanded distribution deal [7][12] - The company plans to fully integrate Hulu into Disney+ by 2026, following the acquisition of Comcast's stake [12] Market Position and Valuation - Disney shares have declined by 0.5% year-to-date, underperforming the Zacks Consumer Discretionary sector, which has grown by 1.8% [13][14] - The company trades at a forward P/E of approximately 16.86x, below the industry average of 19.13x, despite achieving streaming profitability [16][19] Investment Considerations - The upcoming results present a mixed investment opportunity, with streaming growth potential contrasted by challenges in the Experiences segment, including reduced attendance and promotional discounting [19][21] - Investors are advised to maintain existing positions while awaiting clearer signals from the fourth-quarter results, as uncertainties remain regarding parks attendance recovery and ESPN streaming adoption [21]

Core Insights - Disney is expanding its cruise fleet with the launch of the Disney Destiny, marking the seventh ship in its lineup [2][6] - The Disney Destiny will offer themed experiences and entertainment, leveraging Disney's extensive intellectual property [4][5] - The experiences division of Disney is experiencing significant growth, with record revenue and profit reported for fiscal 2024 [7][8] Fleet Expansion - The Disney Destiny is 221 feet tall, 1,119 feet long, and can accommodate 4,000 passengers and 1,555 crew members [3] - The ship will offer four- and five-night cruises to the Bahamas and Western Caribbean, including visits to Disney's private islands [3][6] - Disney plans to have 13 vessels in operation by 2031, following the recent addition of the Disney Treasure [6][25] Financial Performance - In fiscal 2024, Disney's experiences division generated $34.15 billion in revenue, a 5% increase year-over-year, and $9.27 billion in operating income, up 4% [7][8] - The experiences segment is the second-highest revenue driver for Disney, following the entertainment division, which reported $41.19 billion in revenue [8] Competitive Position - Disney has established itself as a leader in the family cruising market, despite having a smaller fleet compared to competitors like Carnival and Royal Caribbean [9] - The base pricing for Disney cruises is slightly higher than that of Carnival and Royal Caribbean, but overall costs can be comparable when considering upgrades and additional packages [10][11] Themed Experiences - The Disney Destiny features a heroes and villains theme, with interactive character experiences and themed dining options [5][12] - Dining experiences include themed restaurants such as Pride Lands, Worlds of Marvel, and 1923, each offering unique menus and entertainment [14][15][16] - The ship will host live performances, including a Broadway-style production of "Hercules" and other family-friendly shows [20][21] Adult Amenities - The ship includes adult-only areas such as Quiet Cove, Senses Spa, and themed lounges inspired by Marvel and Disney properties [22][24] - The Cask & Cannon pub, inspired by "Pirates of the Caribbean," offers themed drinks and decor for adult guests [25] Future Developments - Following the Disney Destiny, the Disney Adventure will launch in March 2026, with additional ships planned through 2031 [25] - Disney is also expanding its theme parks and resorts globally, with significant projects underway at various locations [28][29]