Disney Q3 earnings report scheduled for Wednesday

Disney will report its quarterly earnings on Wednesday, with attention on streaming and parks.

Disney prepares for Q3 earnings report amid streaming challenges

Disney's fiscal third-quarter earnings report is due on Wednesday, with Wall Street eagerly awaiting updates on its streaming, television, and amusement park operations. Analysts project earnings per share of $1.47 and revenue of $23.73 billion. The spotlight remains on Disney's streaming sector, particularly the upcoming ESPN direct-to-consumer service, priced at $29.99 a month. In May, Disney reported 126 million global subscribers to Disney+, surpassing expectations. The company also noted a deal for a new theme park in Abu Dhabi and positive growth in its experiences business, despite some variances in domestic and international revenues.

The forthcoming earnings report is crucial for Disney as it navigates significant shifts in viewership behavior. With the market now focusing heavily on streaming profitability, rather than mere subscriber counts, Disney's ability to deliver strong earnings and updates on ESPN's service could shape investor confidence. Furthermore, the announcement of the Abu Dhabi park signifies a strategy to expand its global footprint amid rising competition in both the streaming and entertainment sectors.

Highlights

Disney's ability to adapt to changing market conditions will be critical moving forward.