Disney is gearing up to release its highly anticipated second-quarter earnings, marking a departure from the norm as the company will be publishing its results before the stock market opens. Investors are eagerly eyeing the upcoming report, as topics such as CEO succession, ABC turmoil, and the streaming business are front and center.
Rumors about potential CEO successors have been swirling, with top insiders like Josh D’Amaro and James Pitaro being mentioned as possible contenders. Additionally, ABC News is experiencing a leadership shake-up as Kim Godwin announces her retirement.
On the streaming front, Disney is making significant strides towards profitability. Initiatives such as a crackdown on password-sharing and the introduction of a Hulu on Disney+ feature are expected to drive growth in the coming quarters. Wells Fargo is predicting an increase in Disney+ subscribers and potential revenue benefits from the integration of Hulu.
Despite facing some challenges, Disney remains confident in the long-term growth and sustainability of its streaming business. The company’s combined streaming business revenue and operating loss in the first quarter are seen as a small setback in view of the overall progress being made.
With all eyes on the entertainment giant, the upcoming earnings report is expected to provide valuable insights into the future prospects of Disney’s streaming business and its overall financial performance. Investors and analysts alike will be closely monitoring the announcement, which could have a significant impact on the company’s stock price and market position. Stay tuned for more updates as Disney prepares to unveil its latest earnings report.
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