Disney will release its fiscal third-quarter earnings before the bell on Wednesday, with Wall Street expecting earnings per share of $1.86 and revenue of $25.4 billion. Investors will closely watch updates on CEO Josh D'Amaro's strategy, especially regarding streaming services like Disney+ and ESPN, as well as the performance of theme parks amid economic challenges such as rising oil prices and geopolitical tensions. The company has recently undergone layoffs and cost-cutting measures, and the earnings report will provide insight into how these and current macroeconomic conditions are impacting Disney's business segments.
Disney has increased attendance at its domestic theme parks by 3% through targeted promotions like $59 evening tickets and family deals, without broadly cutting regular prices. This strategy also raised per visitor spending by 4%, contrasting with Un...
Disney has appointed Karandeep Anand, former CEO of Character.AI, as its first-ever chief technology officer. Character.AI, an AI startup that allows users to create and interact with virtual characters, was previously accused by Disney of infringing...
Disney has appointed Karandeep Anand, former CEO of Character.AI, as its first chief technology officer, a new role reporting directly to CEO Josh D'Amaro. Anand will oversee Disney's enterprise technology, infrastructure, data, AI platforms, product...
Netflix stock fell 4% following Wells Fargo's downgrade to underweight and a price target cut from $80 to $57, citing concerns over declining viewer engagement and a weaker content slate in the second half of 2026. This contrasts with Evercore ISI's ...
