Cinderella Castle will be selling a daytime fireworks display during the performance of “Mickey’s Magic Friendship Fair” at Magic Kingdom, Walt Disney World in Baylake, Florida, on April 30, 2024 (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images)
Orlando Sentinel | Tribune News Service | Getty Images
Disney Reporting fiscal second quarter revenues ahead of Wednesday’s Bell, Wall Street will pay close attention to its streaming and the state of the theme parks business.
Investors have also heard more about searching for CEO Bob Iger’s successor.
Here’s what Wall Street expects Disney to report on Wednesday, according to analysts voted by LSEG:
Earnings per share: $1.20 Revenue: $23.14 billion
Last quarter, the company beat the top line and bottom line, but revealed the beginning of the expected streaming subscriber loss at Disney+.
Disney warned in its fourth quarter report in November that it would expect a “slight drop” in subscriptions in December. He told investors in his February revenue report that he hoped for another “slight drop” for subscribers in the second quarter.
The slower streaming of subscriber growth follows the rise in prices for services last year.
There is also an eye for experience segments, including theme parks. The division performed better than expected in the first quarter, but travel experts have warned of the decline in international travelers and potentially declining traffic as a result of President Donald Trump’s tariffs.
US theme parks generally experience slower pedestrian traffic following a post-Covid surge after attendance.
This story is developing. Please check for updates.
