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Disney Set to Report Third-Quarter Earnings: What to Expect from the House of Mouse

Disney (DIS) is poised to release its third-quarter earnings report before the market opens on Wednesday, with investors keenly awaiting insights into the company’s financial performance and strategic updates. After facing losses in both the prior quarter and the same period last year, Disney is anticipated to shift to profitability, with analysts projecting a net income of $1.83 billion, or $1 per share. This marks a significant turnaround from a loss of $460 million, or 25 cents per share, reported a year ago.

Revenue for the quarter is expected to reach $23.02 billion, based on estimates from Visible Alpha. A key focus for investors will be Disney’s experiences segment, which encompasses its parks and cruise operations. The segment has shown strong growth recently, with revenue projected to hit $8.59 billion—an increase of nearly 5% from the previous year. This boost reflects the ongoing recovery and expansion in Disney’s theme parks and cruise lines, including the recent announcement of a new Tokyo-based cruise ship.

Disney CEO Bob Chapek has emphasized the company’s optimism about growing attendance both domestically and internationally, particularly in its cruise business. The company’s commitment to enhancing its experiences segment is evident, with strategic investments aimed at expanding its global reach.

In addition to the experiences segment, Disney’s streaming business will also be under the microscope. The company has made significant strides in its direct-to-consumer segment, which includes Disney+ and Hulu. Notably, Disney recently secured NBA broadcasting rights, a move expected to bolster its streaming offerings. Analysts will be watching closely for updates on this segment, especially after Disney reported a surprise profit in its direct-to-consumer business last quarter.

Overall, Disney’s third-quarter report is anticipated to provide a clearer picture of the company’s recovery trajectory and future growth prospects. Investors will be particularly interested in how well Disney’s investments in its experiences and streaming businesses are translating into financial results, and whether the company can sustain its positive momentum moving forward.