Disney Will Announce Q3 Financial Results on August 9
The Walt Disney Company announced today that it will be reviewing its third-quarter financial results on August, 9 at 4:30 p.m. ET.
The results will be released after the close of regular trading on August 9, after which a webcast will be held.
Can Disney Make Streaming Profitable?
The biggest questions surrounding Disney’s Q3 results will swirl around profitability. Since the November 2023 return of Bob Iger, the company has pivoted its streaming service strategy away from subscriber growth and towards profitability.
As part of this philosophical shift, Disney has pared back new content on its flagship streaming service and even removed titles from both Disney+ and Hulu.
Uncertainty At The Top
The other elephant in the boardroom at The Walt Disney Company involves the future of the CEO position. With Bob Iger publically stating that he would be returning for two years, all eyes have been on Disney’s succession plan.
Last month’s departure of longtime CFO Christine McCarthy may have put a wrench into Disney’s plans as the company will now be looking to fill two top executive positions.
Since the announcement of McCarthy’s departure, there has been widespread speculation that Iger could agree to stay on for a longer term.
Layoffs and ESPN
Finally, with Disney having completed its last round of company-wide layoffs, investors will look to see some financial reward for the job cuts.
The always-scrutinized ESPN will also likely be a focus of investors’ attention. Despite laying off a swarth of behind the scene talent, and more recently, letting go of a swarth of on-air personalities, ESPN has paid a hefty price to sign Pat McAfee to the network. How the Worldwide Leader in Sports plans to deliver content in the future, remains one of Disney’s biggest questions.
To the Q3 earnings webcast, visit www.disney.com/investores. The webcast presentation will also be archived.
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