Disney(US:DIS) 智通财经网·2025-11-13 07:51Core Viewpoint - Disney is set to announce its Q4 FY2025 earnings on November 13, with a focus on CEO Bob Iger's restructuring plan aimed at sustainable profit growth through cost-cutting, price increases, and streaming transformation [1] Group 1: Financial Performance Expectations - Analysts predict Disney's Q4 total revenue to be $22.83 billion, up from $22.57 billion year-over-year, with adjusted EPS expected to decline from $1.14 to $1.07 [1] - By segment, entertainment revenue is expected to decrease from $10.83 billion to $10.49 billion, while parks and experiences revenue is projected to grow from $8.24 billion to $8.80 billion, and sports revenue is anticipated to rise from $3.91 billion to $3.98 billion [1] Group 2: Streaming and Direct-to-Consumer Strategy - The parks and experiences segment remains Disney's strongest profit driver, with stable visitor numbers despite competition from Universal Studios [2] - The direct-to-consumer segment, including Disney+ and Hulu, is expected to achieve operational profitability for the second consecutive quarter, reflecting a strategic shift from subscriber growth to profit margin expansion [2] - Disney+ subscribers are projected to increase from 125.3 million to 130.1 million, coinciding with a new round of price increases effective October 21 [2] Group 3: Sports Business Developments - Disney launched the ESPN Unlimited streaming app in August, marking a significant innovation in its sports strategy, with expectations to attract around 3 million users by FY2026, generating approximately $500 million in additional annual revenue [3] - The company plans to expand the ESPN brand into Asian markets through Disney+, enhancing its sports offerings [3] Group 4: Traditional Television Network Concerns - The performance of Disney's traditional television networks remains under scrutiny, as competitors like Warner Bros. Discovery report declines in advertising revenue due to viewers shifting to streaming [4] Group 5: Leadership Transition - Investors are closely watching for updates on the CEO succession plan, with an announcement expected in early next year [5]