About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Financial Data and Key Metrics Changes - The company expects high single-digit adjusted EPS growth in fiscal 2025, accelerating to double-digit adjusted EPS growth in fiscal 2026 and 2027 [9] - The company ended the quarter with 174 million Disney+ Core and Hulu subscriptions, with Disney+ having over 120 million core subscribers [14] Business Line Data and Key Metrics Changes - The Experiences segment continues to be the gold standard for the industry, with a targeted investment strategy designed to drive operating income growth [13] - The company reported strong performance in film, with top movies like Inside Out 2 and Deadpool & Wolverine contributing to box office success [11] Market Data and Key Metrics Changes - The company noted that linear advertising remains strong, particularly due to live sports, which provides a differentiated audience compared to streaming [28] - The company anticipates a gradual strengthening of consumer demand in the parks and experiences segment, particularly in the second half of the fiscal year [25] Company Strategy and Development Direction - The company is focused on integrating technology into its sports offerings, including personalized experiences and enhanced advertising capabilities [22] - The company plans to strengthen its streaming offerings with the introduction of an ESPN tile on Disney+ and a flagship DTC offering in early fall of 2025 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sustained growth and create shareholder value through its world-class portfolio of assets [17] - The management acknowledged challenges in the linear network but emphasized the strength of their streaming portfolio as a natural hedge against declines in linear viewership [61] Other Important Information - The company is cautious about investments in local content until technology improvements are realized to reduce churn [56][68] - The company has modeled in incremental growth in content spend, particularly in international markets, without significantly disrupting overall cash flow [57] Q&A Session Summary Question: ESPN flagship launch and its impact on customer experience - Management highlighted that the ESPN flagship will offer a highly personalized sports experience, integrating features like betting and AI-driven content [22] Question: Outlook on consolidated advertising growth - Management indicated that linear advertising remains strong, and the integration of ad tech capabilities provides a competitive advantage [30] Question: Content production and spending growth - Management stated that selective investments in international markets will be prioritized, focusing on markets outside the U.S. [55] Question: Impact of divestitures and international presence - Management expressed excitement about the deal with Reliance in India, indicating a continued presence with a percentage ownership [75] Question: Performance of domestic and international parks - Management noted a strengthening consumer sentiment in domestic parks while acknowledging temporary softness in international markets due to external factors [78]

The media stock is soaring after a blowout quarterly report.Shares of Walt Disney (DIS 7.17%) opened sharply higher on Thursday, following better-than-expected financial results earlier in the day. The 8% pop at market open finds the media giant's stock trading at its highest level in more than six months.I argued at the start of this trading week that a strong fiscal fourth-quarter report could send Disney shares back above $100 for the first time in months. The blowout performance is making sure that the ...

Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8 billion. It also said it expects to buy back $3 billion worth of stock.Disney’s stock jumped 10.2% to $113.17, its h ...

Thursday, November 14, 2024This morning, pre-market trading is mild. The big relief rally following the General Election — Republicans yesterday won a majority in the House, officially making it a clean sweep — has given way to a more cautious approach, with one eye trained on economic data having influence over Fed monetary policy going forward.The Dow is +83 points at this hour, while the S&P 500 and Nasdaq indexes are -1 point and -20 points, respectively. The small-cap Russell 2000 is +2 points. Followi ...

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.Regardless of what Iger actually wants to do, he's probably better off not talking about it right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access ...

Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably more than the benefit" when it comes to separating its TV networks business, given the "operational complexity."The future of the traditional TV network business has been top of mind in the media industry. In late October, Comcast executives said they were exploring a separ ...

Disney stock is climbing higher after a good earnings report.In this video, I will cover Walt Disney's (DIS 8.85%) fourth-quarter earnings. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 13, 2024. The video was published on Nov. 14, 2024. ...

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 results from Q3 are a testament to his efforts, including optimizing the streaming business. Streaming and entertainment were the driving forces of growth in FQ4, but strengths were seen across the board, in ...

Walt Disney (DIS) reported $22.57 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.3%. EPS of $1.14 for the same period compares to $0.82 a year ago.The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $22.59 billion. With the consensus EPS estimate being $1.09, the EPS surprise was +4.59%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...