Disney's combined streaming businesses turned a quarterly profit for the first time ever. Disney's "Inside Out 2" and "Deadpool & Wolverine" have led the company to become the first studio to top $3 billion in 2024.
The launch will come after the price increases on Disney-owned streaming services.
Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, but its theme parks are coming under pressure.
Disney's (DIS) third-quarter fiscal 2024 results reflect growth in Disney+ subscribers and theme park and resort businesses.
The headline numbers for Disney (DIS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The Walt Disney Co. (DIS) posted better third-quarter results than analysts had expected thanks to the success of movies like "Inside Out 2" and an earlier-than-expected profit for its overall streaming business.
The Walt Disney Company (NYSE:DIS ) Q3 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Alexia Quadrani - Investor Relations Robert Iger - Chief Executive Officer Hugh Johnston - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Jessica Reif Ehrlich - Bank of America Benjamin Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson Steven Cahall - Wells Fargo David Karnovsky - JPMorgan John Hodulik - UBS Michael Morris - Guggenheim Bryan Kraft - Deutsche Bank Kannan Venkateshwar - Barclays Operator Good day and welcome to The Walt Disney Company Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
Disney just made money in streaming for the first time. When Disney started streaming in 2019, Wall Street didn't care about profits — it wanted streamers to grow.
Walt Disney (DIS) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.03 per share a year ago.
Disney reported weaker-than-expected results for its theme parks division in its latest earnings. It blamed the drop on weakening consumer demand, which it said was likely to continue.
Stocks Move 1% Or More For 5th Day In A Row
Walt Disney Co (NYSE:DIS) shares are expected to open lower despite revenues and earnings rising more than forecast in the past quarter, helped by Inside Out 2 (pictured) becoming the highest-grossing animated cinema release of all time. Revenues from Disney World and Disney Land parks in the US decreased in what was the group's fiscal third quarter, with overall sales from its Experiences division hit by “moderation of consumer demand towards the end of Q3 that exceeded our previous expectations”.