A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at Magic Kingdom Park at Walt Disney World on May 31, 2024 in Orlando, Florida.
Gary Hershorn | Corbis news | Getty Images
Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall Street will be keeping a close eye on the state of streaming and theme parks. Investors will also be listening for all the details on the search for CEO Bob Iger's successor.
Here's what Wall Street expects Disney to report Thursday, according to analysts polled by LSEG:
- Earnings per share: $1.10 expected
- Gain: $22.45 billion is expected
Wall Street has been paying close attention to streaming's path to profitability. Last quarter, Disney's combined streaming company, which consists of Disney+, Hulu and ESPN+, turned a profit for the first time.
Subscriber growth will also be a top priority, especially as Disney's competitors have reported significant subscriber growth in recent weeks. Warner Bros. Discovery said Max added 7.2 million subscribers during the most recent quarter, Netflix Added 5 million customers, and Comcast's Peacock reported 3 million additions.
Still, media companies have begun to focus on profit-boosting measures such as ad-supported tiers and crackdowns on password sharing.
“In the wake of the massive subscriber increase at Max but the slowdown at Netflix, all eyes are on Disney's streaming numbers. The company is sure to take a hit as a result of the crackdown on password sharing, but that will be short-lived,” said Mike. Proulx, research director and vice president at Forrester.
The state of the theme park industry will also be top of mind. Theme parks have experienced a slowdown in consumer demand in the US. Last quarter, Disney reported flat attendance, especially in its US parks.
Meanwhile, Disney recently announced that it will name CEO Iger's replacement in early 2026, led by new Chairman James Gorman. Investors are eager to learn more details about the search.
This story is developing. Check back later for updates.