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"The board has not yet selected the next CEO of the Walt Disney Co. and once that decision is made, we will announce it," a Disney rep said.
The Walt Disney Company (DIS) Q1 2026 Earnings Call Transcript
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Walt Disney Co (NYSE:DIS, XETRA:WDP) shares fell more than 6% on Monday after the company issued weaker-than-expected fiscal second quarter guidance, overshadowing a modest beat for the fiscal first quarter. Disney guided to only modest operating income growth in Experiences, citing international visitation headwinds at domestic parks, pre-launch costs for the Disney Adventure cruise ship, and pre-opening expenses for the World of Frozen attraction at Disneyland Paris.
Disney CEO Bob Iger said videos created with OpenAI's Sora will soon start to appear on Disney+, but he doesn't see the move affecting the rest of the company's film and TV pipeline.
Media reports say Josh D'Amaro, the head of Walt Disney Co.'s (NYSE: DIS) theme park operation, will replace on-again off-again CEO Bob Iger, who has effectively run the company into the ground.
The soon-to-depart Bob Iger avoided getting too “nostalgic” during today's Disney Q1 results call but he did have some words of wisdom for his probable successor, who is reported this morning to be parks boss Josh D'Amaro.
Futures are pointing to a lower open for major indexes as tech stocks fall amid fresh concerns about AI spending; Nvidia shares are losing ground following a report that the chipmaker's plan to invest up to $100 billion in OpenAI could be in trouble; Disney's quarterly results topped Wall Street expectations as investors digest reports about an upcoming leadership transition at the media and entertainment giant; AI software maker Palantir is slated to report results after the closing bell today; and Oracle is planning to raise up to $50 billion this year to finance its AI infrastructure buildout. Here's what you need to know today.
Walt Disney (DIS) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.76 per share a year ago.
Disney's streaming services reeled in record profits last quarter. The Mouse House was boosted by price increases amid stalled US streaming viewership.
Disney on Monday revealed the impact of its prolonged carriage dispute with YouTube TV. Disney said the 15-day blackout caused a $110 million hit to its sports division's operating income.