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's Board of Directors has appointed James P. Gorman as the new Chair of its Succession Planning Committee. Gorman, who joined Disney's Board earlier this year, brings valuable experience from overseeing the recent succession process at Morgan Stanley. The Committee, which includes directors Mark G. Parker, Mary T. Barra, and Calvin R. McDonald, is tasked with identifying and preparing the next CEO of Disney.
The Board has intensified its succession planning efforts since January 2023, with the Committee meeting six times in fiscal 2024. The process involves evaluating both internal and external candidates, with internal candidates undergoing preparation that includes mentorship from current CEO Robert A. Iger. The Board is committed to a deliberate and expeditious succession planning process to ensure a smooth transition of leadership aligned with Disney's long-term strategic goals.
Disney (NYSE: DIS) has appointed Adam Smith as the new Chief Product & Technology Officer for Disney Entertainment and ESPN. Smith, who joins from YouTube, will oversee a global Product and Technology group spanning Disney's entertainment and sports media businesses. His responsibilities include driving technology strategy, development, and innovation across the company's streaming platforms, networks, consumer digital touchpoints, and advertising technology.
Smith brings over 20 years of experience from Google and YouTube, where he most recently served as Vice President of Product Management. He played a key role in building YouTube's consumer-facing products and driving its Music and Premium offering to over 100 million subscribers. Smith will report jointly to Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden, and ESPN Chairman Jimmy Pitaro, starting September 3.
The Walt Disney Company (NYSE: DIS) has released its fiscal third quarter 2024 financial results, along with prepared commentary from CEO Robert A. Iger and CFO Hugh F. Johnston. The company will host a live audio Q&A webcast to discuss the results at 8:30 a.m. ET / 5:30 a.m. PT. Investors can access the earnings release, Form 10-Q, and executive commentary at www.disney.com/investors. The webcast will also be available at the same website and will be archived for future reference.
The Walt Disney Company (NYSE: DIS) reported strong Q3 2024 financial results, with revenues increasing to $23.2 billion from $22.3 billion year-over-year. Diluted EPS rose to $1.43 from a loss of $0.25 in the prior-year quarter. Adjusted EPS grew 35% to $1.39. Key highlights include:
1. 19% growth in total segment operating income
2. Entertainment segment operating income nearly tripled
3. Streaming businesses achieved profitability one quarter ahead of guidance
4. Inside Out 2 became the highest-grossing animated film of all time
5. ESPN operating income grew by 4%
6. Experiences revenue increased by 2%, but operating income decreased by 3%
Disney raised its full-year adjusted EPS growth target to 30%. The company expects modest Disney+ Core subscriber growth in Q4 and anticipates a mid-single-digit decline in Q4 Experiences segment operating income.
The Walt Disney Company (NYSE: DIS) has announced the departure of Safra A. Catz, CEO of Oracle Corp., from its Board of Directors after six years of service. Robert A. Iger, Disney's CEO, praised Catz's contributions, particularly her insights on strategic planning amid technological changes affecting the company's businesses. Catz expressed gratitude for her time on the Board and confidence in Disney's future. With her departure, Disney's Board has been reduced from 12 to 11 directors.
The Walt Disney Company (NYSE: DIS) has announced plans to host a live audio Q&A webcast to discuss its fiscal third quarter 2024 financial results. The event is scheduled for Wednesday, August 7, 2024, at 8:30 a.m. ET / 5:30 a.m. PT. Prior to the webcast, Disney will release its financial results and post prepared written management remarks on their investor relations website before the opening of regular trading on the same day.
Interested parties can access the Q&A webcast at www.disney.com/investors. The company will archive the webcast for future reference. This event provides an opportunity for investors and analysts to gain insights into Disney's financial performance and future outlook directly from company executives.
The Walt Disney Company has launched a global celebration to honor 90 years of Donald Duck, starting with an exclusive reveal on Good Morning America. The campaign showcases over 70 Donald Duck-themed products from more than 20 licensees, including renowned brands such as American Tourister and Loungefly. Fans can look forward to additional products from brands like Forever 21 and GAP. Two newly restored Donald Duck shorts will premiere on Disney+ on June 9, alongside a new short, D.I.Y. Duck, marking Donald's first starring role since 1961. Celebrations at Tokyo Disney Resort and Hong Kong Disneyland will feature themed decorations, parades, and special merchandise. A brand spot commemorating Donald's legacy will also debut on June 9.
Bob Iger, CEO of The Walt Disney Company, will participate in MoffettNathanson's Media, Internet & Communications Conference on May 15, 2024. Investors can stream the session live on Disney's investor website. The event will provide insights into the company's future strategies and industry trends.
The Walt Disney Company (NYSE: DIS) reported earnings for the second quarter of fiscal 2024, showing an increase in revenues to $22.1 billion. Diluted EPS decreased to a nominal loss due to goodwill impairments but excluding certain items, it increased to $1.21. The company achieved strong double-digit growth in adjusted EPS and raised its full-year adjusted EPS growth target to 25%. Disney+ Core subscribers and ARPU both saw positive growth. The Entertainment Direct-to-Consumer business was profitable, and the Experiences business showed revenue growth and margin expansion.
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