The Walt Disney Company (NYSE:DIS ) Q4 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Carlos Gomez - Executive Vice President and Head of Investor Relations Robert Iger - Chief Executive Officer Hugh Johnston - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Benjamin Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Merrill Lynch Robert Fishman - MoffettNathanson LLC Steven Cahall - Wells Fargo Securities, LLC John Hodulik - UBS Michael Morris - Guggenheim Securities David Karnovsky - JPMorgan Chase & Co. Laurent Yoon - Sanford C. Bernstein & Co. Tim Nollen - Macquarie Research Bryan Kraft - Deutsche Bank AG Operator Good day, everybody, and welcome to The Walt Disney Company Fourth Quarter and Full-Year 2024 Financial Results Conference Call.
The media stock is soaring after a blowout quarterly report.
"We've emerged from a period of considerable challenges and disruption," Iger told investors. "We're well positioned for growth.
Year over year PPI came in at +2.4%, the third-highest print of 2024 so far.
Last week, Warner Bros Discovery said it was excited about doing deals during Trump's second term. Disney's Bob Iger is taking a different tack: He says the company has bought everything it needs.
Disney CFO Hugh Johnston told CNBC Thursday the company doesn't plan to change its TV network portfolio anytime soon. The comments come more than a year after CEO Bob Iger opened the door to selling Disney's linear TV assets, and weeks after Comcast said it was considering the separation of its cable networks.
Michael Morris, Guggenheim Securities analyst, joins 'Squawk on the Street' to discuss if Morris' price target on Disney will change following earnings, if Disney is the cleanest model to evaluate in the media space, and much more.
Disney stock is climbing higher after a good earnings report.
As controversial and emotionally charged as Iger's return was for the market, it is a move paying off for investors at Walt Disney NYSE: DIS. His return keeps the company on track to sustain long-term growth, healthy cash flows, and increasing capital returns while delivering value to its consumers.
The headline numbers for Disney (DIS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which have been split into three divisions, with each unit having its own CEO.
Disney CEO Bob Iger had a “hot mic” moment on the company's fiscal fourth quarter earnings call Thursday morning, questioning aloud whether he should have revealed key streaming numbers.