Key Takeaways
- Disney will report third-quarter earnings before Wednesday's opening bell.
- Analysts expect Disney to swing to a profit, after the company reported a loss in the prior quarter and year-ago period.
- Investors will likely be watching for strength in the company's experiences segment, driven by its parks and cruises.
- The company will also provide updates on its streaming business after securing NBA rights.
Disney (DIS) is set to report third-quarter earnings before the opening bell Wednesday, with investors likely to be watching for strength in its experiences segment and updates on its streaming business.
The company's revenue is expected to grow to $23.02 billion, according to estimates compiled by Visible Alpha. Net income is projected to come in at $1.83 billion or $1 per share, after the company reported a loss of $460 million or 25 cents per share a year ago.
Analyst Estimates for Q3 2024 | Q2 2024 | Q3 2023 | |
Revenue | $23.02 billion | $22.08 billion | $22.33 billion |
Diluted Earnings / (Loss) Per Share | $1 | (1 cent) | (25 cents) |
Net Income / (Loss) | $1.83 billion | ($20 million) | ($460 million) |
Key Metric: Experiences Revenue
In the secon🥃d quarter, Disney said revenue from its experiences segment surged, driven by growth from its pꦚarks and cruises.
Disney CEO Bog Iger said the company sees "lots of opportunities to continue to grow attendance, both domestically and internationally," especially in its cruise business. Disney 澳洲幸运5官方开奖结果体彩网:recently announced it is launching a Tokyo-based cruise ship.
Analysts expect experiences revenue to come in at $8.59 billion, per consensus estimates, which would represent nearly 5% growth from the year-ago period.
Business🌜 Spotlight: Streaming Outlook After NBA Win
Disney has invested heavily in its streaming segment, with the company 澳洲幸运5官方开奖结果体彩网:reporting a surprise profit in the second quarter in its direct-to-consumer ente🍰rtainment segment, which consists of Disney+ and Hulu.
The company, 澳洲幸运5官方开奖结果体彩网:alongside its streaming c🌳ompetitors, has bet on sports through 澳洲幸运5官方开奖结果体彩网:its ESPN partnership. ESPN 澳洲幸运5官方开奖结果体彩网:recently secured NBA rights which could help Disney support its streaming business.
Recent movie releases, like "澳洲幸运5官方开奖结果体彩网:Inside Out 2" and "澳洲幸运5官方开奖结果体彩网:Deadpool & Wolverine," could also prop up its streaming segment as the titles make their way to Disney+.
Disney shares have lost close to 1% so far this year, at $89.57 as of Friday's close.
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