Disney is set to release its fiscal third-quarter earnings, with analysts expecting earnings per share of $1.86 and revenue of $25.40 billion. This report comes less than five months after Josh D'Amaro succeeded Bob Iger as CEO, during which time the company has implemented layoffs, including a recent round in July affecting divisions like ESPN.
Investors will be particularly interested in D'Amaro's growth strategy, which emphasizes investment in intellectual property and technology to enhance storytelling, especially for theme parks and streaming services.
The impact of macroeconomic conditions, including the U.S.-Israel conflict and rising oil prices, has already been felt by some of Disney's competitors, such as Comcast's NBCUniversal, which reported lower attendance at its Orlando parks due to decreased consumer sentiment and higher travel costs.
However, Disney previously indicated that demand at its domestic parks remained strong, with increased guest spending. Additionally, investors will seek updates on subscriber and advertising growth for Disney+, as well as ESPN's direct-to-consumer app, which launched nearly a year ago