Welcome to Extreme Investor Network, where we bring you the latest business news and insights to help you make informed investment decisions. Today, we are discussing the upcoming fiscal second-quarter earnings report from Disney, one of the world’s most iconic entertainment companies.
As Disney prepares to release its earnings before the bell on Tuesday, analysts are closely monitoring key factors such as streaming subscriber growth and theme park visitation numbers. This will be the company’s first earnings call since CEO Bob Iger announced a major reorganization, resulting in significant cost cuts and job losses.
According to Wall Street expectations, Disney is projected to report earnings per share of $1.10 and revenue of $22.11 billion. Of particular interest will be the performance of Disney+, the company’s flagship streaming service, which is expected to reach profitability by the fourth quarter of 2024.
In the previous quarter, Disney’s direct-to-consumer unit, which includes Disney+, Hulu, and ESPN+, narrowed its losses significantly. However, Disney+ core subscribers dropped due to price hikes, leading to a focus on average revenue per user growth.
Updates on the integration of Hulu into Disney+ and the valuation of Comcast’s stake in Hulu will also be eagerly awaited by investors. Additionally, analysts will be keeping an eye on visitor traffic at Disney’s U.S. theme parks, following a period of slower growth last year.
Comcast’s recent report of a slowdown at its Universal Orlando theme park due to increased competition, particularly from cruises, could potentially benefit Disney, which recently launched a new cruise ship. Stay tuned for more updates on Disney’s earnings report and how it could impact the company’s future performance.
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