Overview
- Disney, which reports before the bell Wednesday, will hold its first earnings call under Josh D’Amaro after he became CEO in March.
- Analysts expect about $24.8–$25.0 billion in revenue and $1.49 in adjusted EPS, based on estimates from LSEG, Visible Alpha, and FactSet.
- Streaming is the key yardstick, with Disney+ and Hulu guided to roughly $500 million in operating income this quarter and a year‑end goal of a 10% margin.
- Parks and Experiences face near‑term strain from softer international visitation and higher pre‑opening costs, including spending tied to the Disney Adventure cruise ship, even as the unit remains the main profit driver.
- Options pricing signals roughly a 6% swing in the shares around the release, which highlights a focus on margins over subscriber counts after Disney trimmed some segment and streaming disclosures.