might be down a little. That might be why the Dow I'm sorry, but that might be why the Dow is a little bit negative at this point. >> We've got him Disney reporting fourth quarter results just moments ago.We're going to get to walk through all of this. Here's what happened. Earnings at $1.11% a share $0.06% better than estimates.Revenue coming in at $22.5% billion. Now that was slightly below expectations. And as Joe mentioned the man is here.Joining us first on CNBC Hugh Johnson's the Disney CFO. Also with ...

Core Insights - Disney reported earnings of $1.11 per share, exceeding estimates by 6 cents, while revenue was $22.5 billion, slightly below expectations [1] - The company achieved a 19% EPS growth for the year, maintaining the same growth rate for the past three years, indicating a successful long-term strategy [2][3] Financial Performance - Direct-to-Consumer (DTC) segment added 12.5 million subscribers, with a 40% increase in operating income, reaching $1 billion compared to $100 million the previous year [4] - The experiences business saw a 6% revenue growth and a 13% increase in operating income, reflecting strong momentum in both entertainment and experiences [5] Shareholder Returns - Disney announced a doubling of its share repurchase program to $7 billion and a 50% increase in dividends, signaling confidence in sustained cash flow [5][6] Streaming Division Insights - The subscriber growth included a significant contribution from a charter deal, with over half of new retail subscribers being international, which is strategically important [8] - 80% of new retail subscribers for ESPN were bundled subscriptions, enhancing engagement and retention [9] Consumer Behavior in Experiences - Bookings for the first quarter increased by 3%, and per capita spending at Walt Disney World rose by 5%, indicating healthy consumer spending [11] - Despite increased cruise ship capacity, sales are maintaining previous rates, suggesting strong demand in the experiences sector [11] Market Position and Strategy - Disney's integrated ecosystem, combining media assets, theme parks, and streaming services, positions the company well for success in the media landscape [13][14] - The company believes its stock is undervalued and expects investor conviction to grow as it continues to demonstrate strong performance [15][16]

Disney's fourth-quarter earnings show a company steadily transferring its weight from legacy broadcasting to high-growth digital content and physical experiences. As its traditional entertainment chan... ...

Core Insights - Disney is currently engaged in negotiations with YouTube TV regarding a carriage dispute that has resulted in the blackout of several key networks, including ABC and ESPN, affecting millions of subscribers [1][2]. Group 1: Negotiation Status - Disney's CFO, Hugh Johnston, confirmed that negotiations are ongoing and that the company is prepared for a challenging battle [1]. - The standoff has lasted for two weeks, with significant programming, including college football and Monday Night Football, being affected [2]. Group 2: Impact on Viewers and Ratings - The absence of Disney's networks on YouTube TV has led to a 21% decline in ratings for a key NFL game scheduled for November 3 [2]. - Johnston emphasized that the situation is detrimental to YouTube customers who are missing critical sports content during the football season [4]. Group 3: Leverage in Negotiations - Johnston argued that Disney may have leverage in the negotiations due to the importance of sports content for viewers, suggesting that there are alternative platforms available for sports [4]. - He refrained from discussing specific negotiation points, indicating that both parties have their own demands [5].

Core Viewpoint - The Walt Disney Company's stock performance has been disappointing, with only a 5% increase in 2025 compared to a 17% rise in the S&P 500, raising questions about its ability to rally effectively [2][4]. Group 1: Stock Performance - Disney shares have shown a sideways pattern over the past few years, with limited rallies, despite reaching their highest levels in three years during mid-summer 2025 [1]. - The stock's year-to-date performance in 2025 is significantly lagging behind the S&P 500, which indicates investor concerns about Disney's growth prospects [2]. Group 2: Company Strengths - Disney possesses strong brand recognition and a diverse portfolio, including theme parks, media properties like ESPN and Marvel Studios, and family-friendly cruise operations [3]. - Despite the stock's underperformance in 2025, Disney's one-year performance is on par with the S&P 500, suggesting that short-term statistics may not fully reflect the company's overall health [4]. Group 3: Challenges Facing Disney - The company faces headwinds, particularly in its traditional TV business, which has seen a 28% drop in revenue for linear networks due to declining viewership and advertising revenue [5]. - The market's current focus on technology and AI stocks has diverted investor attention away from Disney, contributing to its stock struggles [5].

Core Insights - Disney's fourth-quarter performance was mixed, with weaker results from television networks and some films offset by strong performance in streaming and theme parks [1] Financial Performance - The company earned $1.31 billion, or 73 cents per share, for the three months ended September 25, compared to $460 million, or 25 cents per share, in the prior-year period [2] - Adjusted earnings were $1.11 per share, exceeding analysts' expectations of $1.03 per share [2] - Revenue totaled $22.46 billion, falling short of Wall Street's estimate of $22.86 billion [2] Segment Performance - Revenue for Disney Entertainment, which includes movie studios and streaming, dropped 6%, while the Experiences division, which includes parks, saw a 6% increase [3] - Operating income from linear networks fell 21%, with revenue down 16%, primarily due to the Star India transaction [4] - The domestic linear networks' operating income decreased by 7% due to lower advertising revenue from declining viewership and political advertising [4] Movie and Streaming Performance - Movie distribution results were weaker compared to the previous year, which benefited from hits like "Deadpool & Wolverine" [5] - The direct-to-consumer business, including Disney+ and Hulu, reported quarterly operating income of $352 million, up from $253 million a year ago, with an 8% revenue increase [5] - Disney+ saw a 3% increase in domestic paid subscribers and a 4% rise internationally, totaling 132 million subscribers, up from 128 million in the previous quarter [6] Subscription Trends - Total subscriptions for Disney+ and Hulu reached 196 million, an increase of 12.4 million from the third quarter [6] - Despite strong streaming results, subscription cancellations for Disney+ and Hulu rose in September following the brief cancellation of "Jimmy Kimmel Live!" on ABC [7]

The Walt Disney Co. had a difficult quarter with the fallout from pulling Jimmy Kimmel off the air, its fight with YouTube and switching gears with its betting partner at ESPN. ...

Group 1 - Disney reported earnings per share of $1.11 on revenue of $22.5 billion for its fiscal year, indicating a mixed performance as it transitions from a legacy media company to a streaming-focused model [1] - The stock of Disney experienced a decline in early trading following the earnings report, reflecting investor concerns about its ongoing transformation and competitive pressures [1] - Netflix has opened its first major in-person amusement attraction, Netflix House, in a Philadelphia suburb, signaling its expansion into new media experiences and potential competition with Disney [2] Group 2 - DraftKings has seen a rise in stock value as Disney struggles with its ESPN Bet initiative, highlighting the competitive dynamics in the sports betting and media landscape [4] - Disney has increased its streaming prices, which may impact subscriber growth and retention amid rising competition from platforms like Netflix [4] - The stock market is observing potential rebounds and shifts, with companies like Palantir and Caterpillar also in focus, indicating broader market trends that could affect Disney and its peers [4]

Disney reported roughly flat revenue and a decline in operating income during its fourth fiscal quarter https://t.co/lQbdyyW0RX ...

Financial Performance - Disney's adjusted earnings per share were A11, exceeding estimates by 6 cents [1] - Revenue reached $225 billion, slightly below expectations [1] - Sports revenue was nearly $4 billion, roughly in line with expectations [2] - Disney is doubling its buyback target to $7 billion [3] - The annual dividend is being raised to $150%, up from $1 [3] - Disney anticipates double-digit EPS growth for 2026 and 2027 [4] Subscriber Growth - Disney Plus paid subscribers increased by 38 million over the prior quarter, reaching 1316 million, surpassing the estimate of 1297 million [2] - Hulu paid subscribers were 641 million at the end of the quarter, also topping estimates [3] Other Key Developments - Disney is engaged in a significant dispute with Google, the owner of YouTube TV [4]