economy
Here's what to expect when Disney reports earnings before the bell
Disney reports its fiscal third-quarter earnings before the bell Wednesday as the market awaits further updates and changes under newly minted CEO Josh D'Amaro.
TL;DR
- Disney's fiscal third-quarter earnings report is due before the market opens on Wednesday.
- Investors are focused on the performance of Disney's streaming services and theme parks.
- Updates on CEO Josh D'Amaro's strategy for growth, including investments in intellectual property and technology, are anticipated.
- Layoffs and cost-cutting measures are expected to be discussed.
- Expected performance: $1.86 earnings per share and $25.40 billion in revenue.
- Macroeconomic conditions and their impact on the theme park business, including consumer sentiment and travel costs, will be a key focus.
- Investor attention will also be on subscriber and advertising growth for Disney+ and ESPN's direct-to-consumer app.