Disney is gearing up to release its highly anticipated second-quarter earnings, with the company planning to publish the results before the stock market opens. All eyes are on the entertainment giant amid speculation about CEO succession following Bob Iger’s contract extension.
Top insiders are reportedly being considered for the CEO position, as ABC News faces a leadership shake-up with the retirement of Kim Godwin. The streaming business, which includes Disney+, Hulu, and ESPN+, is aiming for profitability with new initiatives such as cracking down on password-sharing and introducing a Hulu on Disney+ feature.
Analysts are expecting an increase in Disney+ Core subscriber count in fiscal 2025 and 2026, with additional operating income from the Hulu tile within Disney+. Despite a combined streaming business revenue and operating loss in the first quarter, the company remains confident in its path to building a strong and sustainable streaming business.
Investors and industry experts are eagerly awaiting the release of Disney’s second-quarter earnings, which are expected to provide insight into the company’s performance and future plans for its streaming services. Stay tuned for more updates on Disney’s financial results and the latest developments in the entertainment industry.
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