We’re Disney adults! Of course our favorite days of the year are when Disney holds earnings calls!
Yep, the fiscal earnings calls held by The Walt Disney Company happen four times each year, and they’re where we can hear some BIG updates and important information. The very first quarterly earnings call for 2024 will take place on February 7th at 4:30PM EST. We’re just a little over a month into the new year in early February, so what can we expect to learn from Disney during the call? Let’s talk about it!
Even though we’re only a month into the new year, Disney typically provides a lot of information based on the last couple of months of the previous year and how those numbers are carrying into the new year.
During the final earnings call of 2023, we learned a lot of great information on what the 2024 focuses would be. There were four main opportunities that Disney highlighted at the time: profit from streaming, make ESPN+ the preeminent sports streaming platform, up revenue in the parks and within the Experiences sector, and improve economics and output in the film studios.
Based on these building opportunities, here are two things that we’re expecting Disney to touch on.
1.Theme Park Earnings and Attendance
One of Iger’s main priorities this year is to up theme park attendance and revenue. In February, Disney will likely share important updates as far as revenue generated from theme park attendance since November, as well as any other important attendance/revenue updates as far as Experiences go.
This could be Disney Cruise Line, Experiences by Disney, and, of course, any of the parks.
2. Streaming Updates
Bob Iger shared in 2023 that restructuring the Walt Disney Company to focus on the future of streaming was his number one priority. In December, Disney+ launched the beta version of a bundle with Hulu, so in February, we can expect some updates on how that is going as well as when Disney can expect to make a substantial profit from Disney+.
Disney said that they should make profit from the streaming platform again (for the first time since before the pandemic) before the fourth quarter of 2024. We could also hear updates on whether or not Disney is planning to attain media rights to major sports organizations to complete Iger’s mission of making ESPN+ the preeminent sports streaming platform.
And there you have it! Of course, we’re also HOPING that Disney could share the timelines for an Animal Kingdom re-theme, a Magic Kingdom expansion, and the Tiana’s Bayou Adventure opening. We’ll just have to wait and see!
We’ll be reporting the announcements right here, so make sure to follow along so that you never miss a thing.
What announcements are you hoping that Disney will make? Let us know in the comments!
The post 2 Big Announcements We’re Expecting From Disney in Early February first appeared on the disney food blog.