This is Iger's first earnings call since early 2020, and his words will set the tone for the future of the media company. Investors are eager for details about his plans toSince his return, Disney's stock has outperformed almost every member of the Dow Industrials. Shares of the company have risen around 20%, matching Dow Inc., and just below Boeing. Additionally, Disney's gain is about five times that S&P 500's 4% rise during the same period.
Last quarter, with Bob Chapek still at the helm, Disney sought to temper investor expectations for the new fiscal year, forecasting revenue growth of less than 10%. As part of that warning, the company noted that its Disney+ platform may see a tapering of growth going forward.$1.5 billion in operating losses at its direct-to-consumer unit, which includes its streaming services. This quarter, Wall Street is predicting a slightly smaller loss of $1.2 billion.
As for subscriber growth, analysts predict the total Disney+ user pool will be 161.1 million, a loss of around 3 million compared to the previous quarter. The expectation is that aRevenue and operating income at Disney's theme parks could be up year-over-year considering the holiday season typically drives significant foot traffic to its domestic and international amusement locations.
Expect the unexpected! 🤔
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Disney earnings: CEO Bob Iger tackles cuts and the fate of Hulu and ESPNDisney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN Got WOKE? Yep. Or they could stop being so woke and just make cartoons again.
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