Disney will report Q2 earnings focusing on streaming growth and theme park visitation

From CNBC: 2024-05-07 00:01:01

Disney is set to report its fiscal second-quarter earnings, with a focus on streaming subscriber growth and theme park visitation numbers. The company underwent a reorganization last year, resulting in job losses and cost cuts. Analysts expect earnings per share of $1.10 and revenue of $22.11 billion. Disney+ streaming growth and integration with Hulu are key points of interest.

Last quarter, Disney’s direct-to-consumer unit narrowed losses, while Disney+ core subscribers dropped by 1.3 million due to price hikes. Wall Street will also look for updates on the Hulu integration into Disney+ and the appraisal process for Comcast’s stake in Hulu. Visitor traffic to Disney’s U.S. theme parks will be closely monitored, as competitor Comcast reported a slowdown at Universal Orlando due to increased cruise competition.

Stay tuned for more updates on Disney’s earnings report.



Read more at CNBC: Disney (DIS) earnings Q2 2024