We may earn commissions if you use the recommended services on this site.  

Anticipating Disney's Earnings Report: What to Expect After the Bell

Latest Business News

Disney's Fiscal Third-Quarter Earnings Call: What to Expect

Disney CEO Bob Iger's Challenges

As the markets prepare to close on Wednesday, July 18, 2023, all attention is focused on Disney CEO Bob Iger. Iger is expected to address a myriad of challenges facing Disney during the company's fiscal third-quarter earnings call. These issues range from declining linear advertising and television subscriptions to inconsistent performance at the box office. Additionally, Hollywood's actors and writers are currently on strike, and losses from streaming services continue to mount.

Repositioning Disney's TV Networks

Iger has previously suggested that Disney's TV networks, with the exception of ESPN, may no longer be central to the company's business model. This comes as ESPN has been actively seeking strategic partnerships, recently announcing a sportsbook collaboration with Penn Entertainment.

Analysts' Expectations for Disney's Quarterly Report

Analysts predict the following outcomes for Disney's quarterly report: Earnings per share (EPS) are expected to be 95 cents, according to a Refinitiv consensus survey. Revenue is projected to reach $22.5 billion, and Disney+ total subscriptions are anticipated to be 151.1 million, according to StreetAccount.

Investors Seek Clarity on Disney's TV Business

Investors are keen to understand how Iger plans to address the challenges facing Disney's TV business and manage the declining subscriber base at Disney+.

Iger's Hulu Acquisition Plans

Iger is also reportedly planning to acquire full control of Hulu, a streaming service currently co-owned by Disney and Comcast. The buyout of Comcast's remaining one-third stake is expected to cost at least $9 billion before negotiations.

Disney's Theme Park Division: A Beacon of Hope

Despite the challenges, Disney's theme park division appears to be a bright spot for the company. The division has rebounded strongly following pandemic-related closures and is expected to generate revenue of around $8.1 billion, a 10% increase, according to StreetAccount estimates.

Comcast's Relationship with Disney

It's worth noting that Comcast, the co-owner of Hulu, is also the parent company of NBCUniversal and CNBC.

Stay Tuned for Updates

As this is breaking news, please check back for updates on Disney's fiscal third-quarter earnings call and other related developments. The outcome of this call could have significant implications for Disney's future business strategy and performance.

Implications for New Businesses

Disney's fiscal third-quarter earnings call and the challenges faced by the entertainment giant offer valuable insights for new businesses. The shift in Disney's business model, particularly the repositioning of its TV networks and the focus on streaming services, highlights the changing dynamics of the entertainment industry.

Adapting to Changing Market Dynamics

New businesses, especially those in the entertainment and media sectors, must be prepared to adapt to these changes. The decline in linear advertising and television subscriptions suggests a shift towards digital platforms and streaming services. Companies need to embrace these digital platforms to reach audiences effectively.

Strategic Partnerships and Acquisitions

Iger's plans to acquire full control of Hulu and ESPN's partnership with Penn Entertainment underscore the importance of strategic partnerships and acquisitions in expanding business capabilities and reaching new markets. New businesses can learn from this approach and seek partnerships that align with their strategic objectives.

Resilience Amid Challenges

Despite the challenges, Disney's theme park division's rebound shows the importance of resilience and diversification. New businesses should take note of this and consider diversifying their offerings to mitigate risks. In conclusion, Disney's current situation offers lessons for new businesses in adapting to market changes, forming strategic partnerships, and diversifying business operations. As the entertainment landscape continues to evolve, businesses that can navigate these changes effectively will be well-positioned for success. Article First Published at: https://www.cnbc.com/2023/08/09/disney-dis-earnings-report-q3-2023.html Brought to you by ChatGPT for www.BusinessFormation.io

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.