What To Expect From The Walt Disney Company’s Q2 Earnings Call

We are just one day from the Walt Disney Company’s Q2 earnings call, and all eyes on Wall Street have shifted to Bob Iger.

As the last major streaming company to report earnings, Disney will likely continue to preach profitability over subscriber count and long-term sustainability over short-term gains.

Photo: Disney

Coming out of the company’s Q1 earnings call, the biggest news was that Disney would be shedding 7,000 jobs in an attempt to save $5.5 billion.

With 4,000 of those jobs now eliminated, investors will want a progress report from Iger, who has made shedding the company’s debt load his top priority.

Photo by Chip Somodevilla/Getty Images

The Future of ESPN

In a similar vein, the hot topic of ESPN will come up again. While the future of the sports network will likely be in streaming, Disney has been murky on what that future may actually look like.

Photo: Yahoo Sports

Additionally, the idea that ESPN could join the sports gambling sphere has gained traction in recent months. Could an announcement be forthcoming?

Feud with DeSantis

While Disney+ and ESPN will have a more significant impact on the long-term health of the company, Disney continues to be in the headlines due to their ongoing feud with Florida Governor Ron DeSantis.

Iger will surely be asked about the latest developments in that conflict, especially now that Disney is suing the DeSantis administration in federal court.

Photo: Getty Images

While legal experts believe that Disney has a strong case, an elongated legal battle is expected.

WGA Strike

Last but not least, there is the WGA strike. Disney produced 890 of the 4,450 WAG-covered comedy and drama episodes during the 2021-2022 broadcast season.

Photo: Variety

While the strike will obviously adversely affect Disney’s ability to create new content, insiders suggest that the company won’t feel the pinch until the end of the year.

Additionally, with investors now less interested in subscriber numbers, the strike may not have the stock impact that many feared.

When he takes center stage again tomorrow, investors will once again look to Bob Iger to be a calming presence. With his plan to renew the company now underway, I suspect that is exactly what we will see.

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