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The Walt Disney Company Earnings Call for Q4 takes place at 4:30 PM ET on November 8th. We’ll have live coverage, as well as the Valliant Renegade Show Online right here!
4:03 PM ET: We are currently waiting for Bob Iger to join CNBC for his impromptu interview framing the following earnings call.
4:10 PM ET: Bob Iger declares Disney is in a building mode; company has mixed report for its Q4 earnings.
4:10 PM ET: Hulu integration into Disney+ is delayed until late 2024.
4:13 PM ET: Iger declares ESPN had a great ratings year in 2023 — believes DTC and strategic partnerships will improve revenues for sports division.
4:15 PM ET: Disney+ subscribers will be reported to increase worldwide — Hulu subs dropped.
4:18 PM ET: Bob Iger says Charter deal was a win-win for both Disney and Charter Spectrum — did not change outlook on linear broadcast economics.
4:20 PM ET: Iger is dismissive of Nelson Peltz and the Trian Group. States he does not know what Nelson Peltz wants.
4:23 PM ET: Bob Iger calls the SAG-AFTRA strike impact “negligible”.
4:28 PM ET: Analysts now surmise from Bob Iger’s remarks that a Nelzon Petlz, Ike Perlmutter and Trian Partners proxy war would be adversarial. More coverage to come as to the reasons why.
4:36 PM ET: Disney declares Q422 – Q423 increases in revenue for all three major divisions: sports, entertainment and experiences.
4:37 PM ET: Disney MAINTAINS that they will achieve streaming profitability in Q4 2024.
4:38 PM ET: Iger cites three movies as success: Guardians of the Galaxy Volume 3, Little Mermaid and Elemental… the latter two were box office flops financially.
4:40 PM ET: Disney declares a 7 million core streaming subscriber increase in the quarter; 114m subscribers for Disney+ worldwide now.
4:44 PM ET: Iger announces that ESPN BET gambling services will start next week.
4:46 PM ET: Iger lauds four theatrical releases and two unreleased theatrical entries for 2024, four of the six are considered likely financial flops at the box office.
4:48 PM ET: Iger takes time to state that their guest surveys for satisfaction are up for all Disney theme parks.
4:50 PM ET: There is still NO mention of a dividend: will the company make a comment soon???
4:52 PM ET: Total company revenues increased by 7% Y2Y, leaving out losses due to Galactic Starcruiser — but did this exceed inflationary pressures?
4:55 PM ET: Disney anticipates a decline in Q1 streaming revenues.
4:59 PM ET: Disney uses closure of Galactic Starcruiser to create a lower operational cost statistic for Disney World Resort.
5:05 PM ET: Disney is recommending to the board there should be a dividend.
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