Bob Iger Avoids Nostalgia During Disney Results Call But Has Some Advice For Successor: “Trying To Preserve The Status Quo Is A Mistake”

Core Insights - Bob Iger emphasized the importance of not preserving the status quo as he prepares to step down, indicating that change is necessary for future success [1][2] - The company is in a significantly better position now compared to three years ago, having made substantial improvements and created new opportunities [2] - The restructuring of the streaming business has led to a turnaround, with the division now generating over $1 billion in profit after previously losing billions [3] Company Performance - Disney reported solid results for its fiscal first quarter, despite facing a $110 million loss due to a carriage dispute with YouTube TV [5] - The company has focused on fixing issues and implementing changes over the past three years, which has contributed to its improved financial health [3] Leadership Transition - Josh D'Amaro, the parks boss, is reported to be the likely successor to Bob Iger, with Dana Walden also considered a strong internal candidate [4] - The board is scheduled to meet later this week to discuss the leadership transition [4]