Disney (DIS.US) Q4 Earnings Report to Be Released, Experience Business in Focus
1min read Disney (DIS.US) will report earnings before the market opens on Thursday, November 14. Analysts broadly expect Disney's fourth-quarter revenue to rise 6.4% year-over-year to $22.44 billion and EPS to rise 32.9% year-over-year to $1.09. Disney's experience business (including its theme parks, hotels, cruises and merchandise) will be in focus. The business has recently lagged due to hurricanes forcing the closure of Disney theme parks in Florida and consumer fatigue over inflation. Disney had previously expected a "low single-digit, multi-year" decline in theme park operating income due to lower visitor volumes and consumer spending. Rising operating costs, especially at its domestic parks, and the upcoming start-up costs of its Disney Cruise Ship project, have weighed on investor sentiment. Additionally, the company's modest expectations for Disney+ user growth further dampened market sentiment, obscuring its progress in monetizing its streaming business.
