Disney quarterly results are on deck. Here's what to expect
Disney quarterly results are on deck. Here's what to expect
May 07, 2024 by CNBC
Key Facts
- Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG: Earnings per share: $1.10 expected Revenue: $22.11 billion expected The subscriber growth at its flagship streaming service, Disney+, will once again be a top focus.
- Last quarter Disney’s direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier.
- The company reported in February that Disney+ core subscribers dropped by 1.3 million during the quarter compared with the prior quarter due to price hikes, although the company said it saw a rise in average revenue per user for the same reason.
- Wall Street will also be looking for updates regarding the integration of Hulu into Disney+, as well as the status of the appraisal process that will value Comcast’s stake in Hulu.
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