Disney Q4 Earnings Preview: Hulu Stake, Disney+, ESPN And ESPN Bet Top Items To Watch
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) is set to report its Q4 financial results. Analysts expect Disney to report Q4 revenue of $21.355 billion, an increase from $20.15 billion in the prior year's period. Disney has beaten revenue estimates in five of the last seven quarters. The company is also expected to report Q4 earnings per share of 71 cents, an increase from the 30 cents reported in the prior year's period. Disney has beaten earnings per share estimates in five of the last seven quarters. Key items to watch include the company's streaming business, updates on Disney+ subscribers, and the impact of the Hollywood Strike on the company's movie slate in 2024.
November 02, 2023 | 9:52 pm
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POSITIVE IMPACT
A recent report from streaming rival Netflix Inc said the company has tripled its ad-supported plan to 15 million monthly active users since May. The report could mean that Netflix is gaining new subscribers at the cheaper price point and seeing former password sharers opt to become paying customers at the lower price point.
The increase in Netflix's monthly active users could indicate that the company is successfully attracting new subscribers and converting former password sharers into paying customers. This could have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Disney is set to acquire the 33% stake in Hulu it did not already own from NBC Universal, a unit of Comcast Corporation. The deal is expected to close in 2024.
The sale of NBC Universal's stake in Hulu to Disney could have a financial impact on Comcast Corporation. However, the deal is not expected to close until 2024, so the immediate impact on the company's stock may be limited.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Disney is expected to report increased Q4 revenue and earnings per share. The company's streaming business, updates on Disney+ subscribers, and the impact of the Hollywood Strike on the company's movie slate in 2024 are key items to watch.
The expected increase in Disney's Q4 revenue and earnings per share could have a positive impact on the company's stock. However, the impact of the Hollywood Strike on the company's movie slate in 2024 could have a negative impact. The company's streaming business and updates on Disney+ subscribers are also key factors that could influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
PENN Entertainment announced quarterly earnings and shared an update on ESPN Bet, a sports betting platform launched under a licensing agreement with Disney. While Disney won't run the platform, it will help in customer acquisition and could comment on the anticipation of the November launch.
The update on ESPN Bet could have an impact on PENN Entertainment's stock. However, as Disney won't run the platform, the impact on Disney's stock may be limited.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50