Disney shakes up earnings call schedule to discuss Q2 2024 financial results

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Walt Disney Company headquarters in Burbank, California

Posted: Tuesday April 9, 2024 4:46pm ET by WDWMAGIC Staff

The Walt Disney Company has announced its plans to discuss its fiscal second quarter 2024 financial results on May 7, 2024, but with one significant change to its standard protocol.

Walt Disney Company headquarters in Burbank, California

Usually, Disney releases its results following the close of regular trading at around 4 pm ET. For the upcoming Q2 results on May 7, Disney says it will release the results before the opening of regular trading, followed by executives discussing the performance at 8:30 am ET.

Typically, companies announce earnings before the market opens to allow investors a full day to digest the information or to control the news cycle effectively, especially if they anticipate the announcement to be positive. Although unlikely to be related to parks, a positive announcement may relate to the company's Disney+ streaming service's positive performance in the quarter. All eyes will be on the May 7 webcast.

Will Disney reveal a profitable Disney+ on May 7?

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Disney Irish12 days ago

Not sure how that would be a factor as the vote would be many hours AFTER any afternoon earnings call. So no reason to move it because of that. Plus its not like Iger and team is going to show up at the City Council meeting anyways. So yeah I don't see that as being a factor. Only reason to move it to being early is for positive news, like D+ being profitable.

DisTopia12 days ago

Possibly, but the final Anaheim city council vote for Disneyland Forward is also on May 7th so that might also have something to do with it.

doctornick15 days ago

And potentially a subscription number bump for Swift, right?

BrianLo16 days ago

Except costs have not yet been slashed for content? They continue to be more expensive quarter over quarter. A big part of the equation will also be higher D+ revenue from the price hikes.

TsWade217 days ago

Well, I tried.

Disney Irish17 days ago

Not likely.

TsWade217 days ago

Or it could be announcing the new CEO of Disney.

monothingie19 days ago

Likely the Hulu integration and other cost factors made D+ profitable 2 quarters early. (Bob is a hero). But this will be the worst kept secret ever, a lot of the reaction to the earnings call will be baked in by 5/7. They may have gotten more of a pop by just leaving things as is. $DIS is unchanged in after hours trading. We’ll see how much the street cares based on the performance over the next 27 days.

monothingie19 days ago

All it took was buying a profitable streaming service and integrating into an unprofitable one. Also slashing expenses by not producing anything! Bob is Genius!

MichWolv19 days ago

This almost certainly means there is something significant that is unexpectedly good. Something the Company thinks will be a positive surprise for the analysts. And it almost certainly has to do with quarterly results, and not a transaction or other event, because if they knew about a positive transaction or other event now, they would not be able to put off the public announcement for a month.

Disney Irish19 days ago

No doubt, but the D+ numbers are going to be what everyone will be looking at if profitable.

MisterPenguin19 days ago

...move it to Friday afternoon. ;)

MisterPenguin19 days ago

That's what I was thinking, too. If they don't count the payout for Hulu by moving the cost to the balance sheet, it could well be the first time Disney's total streaming is net "operating income" positive. Especially with a 50% increase of revenue from Comcast's former stake in Hulu.

Kamikaze19 days ago

It almost has to be all sectors. The market has an obsession with the streaming numbers, but it would still look bad if they make a profit on streaming but miss on parks.