Disney (DIS.US) Q4 Earnings Report to Be Released, Experience Business in Focus

Market IntelSunday, Nov 10, 2024 11:10 pm ET

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.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.