Welcome to our dedicated page for The Walt Disney Company news (Ticker: DIS), a resource for investors and traders seeking the latest updates and insights on The Walt Disney Company stock.
The Walt Disney Company (DIS), widely known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Established over a century ago, Disney has grown to become a leading force in the entertainment industry.
Core Segments:
- Entertainment: This segment includes the ABC broadcast network, numerous cable television networks, and popular streaming services such as Disney+ and Hulu. Disney also produces and distributes movies and television content, with some content kept exclusively for its platforms and networks.
- Sports: The sports segment is dominated by ESPN and its streaming service, ESPN+. This allows Disney to cater to a diverse audience interested in live sports and related programming.
- Experiences: This segment focuses on Disney's theme parks and vacation destinations, which are world-renowned for their immersive experiences. It also encompasses merchandise licensing, leveraging Disney's iconic franchises like Mickey Mouse, Star Wars, and Marvel.
Recent Achievements and Projects:
Disney has continually evolved, embracing the digital age with the rapid growth of Disney+ and Hulu. These platforms have attracted millions of subscribers worldwide, thanks to a vast library of content including new releases, classic films, and exclusive series.
Financial Condition:
Despite challenges faced during the global pandemic, Disney has shown resilience. Its diverse revenue streams from streaming, traditional media, and theme parks have helped the company maintain a strong financial footing. The recovery in theme park attendance and the sustained growth of Disney+ subscription numbers are critical factors driving Disney's financial stability.
Partnerships and Collaborations:
Disney continues to forge strategic partnerships to expand its content and distribution capabilities. Collaborations with major studios and technology firms enhance its offerings and deliver cutting-edge entertainment experiences to audiences.
Disney's enduring legacy and commitment to innovation ensure it remains a pivotal player in the entertainment industry. Investors and fans alike follow Disney for its consistent delivery of high-quality content and memorable experiences.
The Walt Disney Company (NYSE: DIS) reported third fiscal quarter earnings ending July 3, 2021, with diluted EPS from continuing operations at $0.50, a significant recovery from a loss of $2.61 in the same quarter last year. Adjusted diluted EPS increased to $0.80, while revenue soared to $17.02 billion, up 45% from $11.78 billion year-over-year. However, operating income for the Disney Parks segment dropped by $1.6 billion compared to the previous nine-month period, reflecting ongoing challenges from COVID-19. Despite the pandemic, Disney reported strong performance in its direct-to-consumer segment, nearing 174 million subscriptions across its platforms.
The soundtrack for season two of the popular Disney+ series 'High School Musical: The Musical: The Series' will be released on July 30, 2021, by Walt Disney Records. The album features original songs and musical numbers from the season, including hits by Olivia Rodrigo and Joshua Bassett. Additionally, special content will be available on platforms like Spotify and Target, where exclusive merchandise will be offered. The soundtrack has garnered over 85 million streams and 23 million video views to date, showcasing its popularity among fans.
The Walt Disney Company (NYSE: DIS) will announce its fiscal third quarter 2021 financial results on August 12, 2021, after the market closes. A live audio webcast will follow at 4:30 p.m. ET to discuss these results. Investors and interested parties can access the webcast through the company’s investor relations website, where it will also be archived for later viewing.
Seattle Seahawks quarterback Russell Wilson has been honored as one of ‘Earth’s Mightiest Athletes,’ recognizing his exceptional contributions both on and off the field. This initiative celebrates athletes who are champions of positive change. Wilson's efforts include founding the Why Not You Foundation, which fights poverty through education. He will be celebrated at the Sports Humanitarian Awards on July 12, with a special airing on July 24. Wilson has also donated over $9 million in cancer support and launched the Why Not You Academy to empower youth.
Bob Chapek, CEO of The Walt Disney Company (NYSE: DIS), will engage in a virtual Q&A session at the Credit Suisse 23rd Annual Communications Conference on June 14, 2021, at 12:05 p.m. PT / 3:05 p.m. ET.
Interested participants can view the session via webcast at www.disney.com/investors. An archive of the presentation will also be available.
The Walt Disney Company (NYSE: DIS) has elected two new directors: Amy Chang, a tech industry veteran, and Calvin McDonald, CEO of lululemon athletica. Their elections are effective immediately. Robert A. Iger, Executive Chairman, expressed excitement about their joining, citing their deep understanding of technology and consumer experience. Chang's expertise in machine learning and McDonald's experience in retail growth are expected to enhance Disney's strategic direction. Both directors expressed enthusiasm for their new roles and the company’s innovative journey.
Disney has launched the Buy a Book, Give a Book initiative on shopDisney, promoting reading while supporting the nonprofit First Book. For every book sold through December 31, 2021, Disney will donate a book to First Book, which provides educational resources to underserved children. Over the past 20 years, Disney Publishing Worldwide has donated over 82 million books to First Book. This program aims to tackle educational inequity and encourage storytelling among children across the nation.
Bob Chapek, CEO of The Walt Disney Company (NYSE: DIS), will participate in a virtual Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 2:00 p.m. PT/5:00 p.m. ET. Investors can tune in to the live webcast by visiting www.disney.com/investors. The session will also be archived for future viewing, providing insights into the company's strategies and performance.
The Walt Disney Company (NYSE: DIS) reported its second fiscal quarter earnings for 2021, with diluted earnings per share (EPS) increasing to $0.50 from $0.26 year-over-year. Excluding specific items, diluted EPS rose 32% to $0.79. However, EPS for the six months decreased 64% to $0.52, impacted by COVID-19. Revenues fell 13% to $15.6 billion, with a significant drop in the Disney Parks segment, down 44% to $3.2 billion. Despite challenges, the Direct-to-Consumer segment saw a 59% revenue increase, showcasing strength in streaming services. Total segment operating income was slightly up at $2.465 billion.
Paul Richardson has been appointed as Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company (NYSE: DIS) effective July 1. He succeeds Jayne Parker, who is leaving after 33 years. Richardson, previously Senior VP of Human Resources at ESPN, will oversee Disney's HR strategy, talent acquisition, diversity, and employee development. CEO Bob Chapek praised Richardson's leadership and commitment to enriching the employee experience. Richardson has initiated numerous diversity programs and supported 5,000 employees at ESPN, highlighting his extensive HR background.