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A statue of Walt Disney and Mickey Mouse stands in a park in front of Cinderella Castle at Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.
Gary Hirschhorn | Corbis News | Getty Images
Disney It will report quarterly earnings on Thursday, and Wall Street will once again focus on updates from the company’s media business — especially when it comes to traditional TV and streaming.
Here’s what Wall Street expects Disney to announce for its fiscal fourth quarter, according to LSEG:
- EPS: Expected $1.05
- profit: Expected $22.75 billion
This will be the last time the company announces subscriber numbers and average revenue per unit, or ARPU, for its streaming services, which include Disney+ and Hulu.
Disney will follow in the streaming giant’s footsteps Netflixwhich earlier this year stopped updating investors on its subscriber numbers.
In August, Disney said it had nearly 128 million Disney+ subscribers, while Hulu had 55.5 million subscribers. That same month, the company also launched its direct-to-consumer ESPN app, which includes all content from its television networks.
The company also said it will no longer report subscriber and ARPU metrics for ESPN+ starting in the fiscal fourth quarter.
The company also once again raised prices for live streaming shows in October.
The final subscriber report will also highlight whether Disney’s streaming subscriptions were impacted by its decision in September to temporarily suspend late-night “Jimmy Kimmel Live!”
Disney pulled the show from the air following comments Kimmel made about the killing of Charlie Kirk and President Donald Trump’s MAGA movement. After the decision to pause the program – which lasted less than a week – media outlets reported that Disney experienced a mass exodus of subscribers.
While streaming remains a key area of focus for investors due to its continued growth, eyes will also be on Disney’s traditional TV networks, which include broadcast network ABC and cable TV channels like ESPN and FX.
Media peers like Warner Bros. Discovery It recently announced quarterly earnings showing the continued decline of TV networks, especially when it comes to ad revenue, as more consumers shift from package TV to streaming options. Disney reported declines in operating income and advertising revenue for the linear networks in previous quarters.
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