Subscriber losses continued over the last three months, with the company reporting 146.1 million Disney+ subscribers during the most recent quarter, a 7.4% decline. Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss.

Is Disney currently losing money?

But today, Disney's stock is at a nine-year low. Operating margins are down 75 percent. Disney+ lost $4 billion last year.

Has Disney lost money 2023?

EPS from continuing operations for the nine months ended July 1, 2023 decreased to $1.14 from $1.66 in the prior-year period. Excluding certain items⁽¹⁾, diluted EPS for the nine months ended July 1, 2023 decreased to $2.94 from $3.22 in the prior-year period.

Is Disney losing viewers?

Disney+ subscriptions fell from 157.8 million worldwide to 146.1 million, a loss of 11.7 million — more than doubling last quarter's record decline, and it included a decrease of 300,000 in the U.S. and Canada where subscribers fell to 46 million.

Why are Disney profits down?

The slump comes after Disney posted its worst stock return in 48 years in 2022, shedding 44% as investors largely grew fed up with mounting streaming losses as the economic outlook took a turn for the worse.

Gutfeld: Disney is losing a ‘shocking’ amount of money

Why is Disney in decline?

Disney's poor fortunes at the box office might have little to do with its content and more to do with its competition and their associate marketing campaigns, according to Hannah Yelin, network lead for the Creative Industries Research and Innovation Network at Oxford Brookes University in the U.K.

Is Disney financially strong?

The Walt Disney Co has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors: 1. The debt burden that the company has as measured by its Interest Coverage (current year).

Is Disney declining or growing?

Top-line revenue growth for Disney's direct-to-consumer operations grew by 9.2% on an annual basis to reach $5.53 billion in the calendar second quarter.

Is Disney World losing customers?

Travel analysts have clocked a dip in Disney's theme parks visits that's unusual for the peak summer months. Touring Plans, a company that tracks wait times for rides at various theme parks, has reported shorter wait times in Orlando-based Disney World and Disneyland in California in recent weeks.

What rights is Disney losing?

According to US copyright law, the rights for a character expire 95 years after the publication of the original work. Disney will lose the Mickey Mouse copyright for Steamboat Willie in 2024, since the short animated film was produced and distributed in 1928.

How far in debt is Disney?

Disney long term debt for the quarter ending June 30, 2023 was $44.544B, a 3.21% decline year-over-year. Disney long term debt for 2022 was $45.299B, a 6.68% decline from 2021. Disney long term debt for 2021 was $48.54B, a 8.27% decline from 2020.

What will Disney be worth 2030?

Disney Stock Forecast 2030-2034

In this period, the Disney price would rise from $145.72 to $182.61, which is +25%. Disney will start 2030 at $145.72, then soar to $148.72 within the first half of the year, and finish 2030 at $151.85. It is about +87% from today.

Is Disney doing anything for 100 years?

The Disney 100 Celebration, which celebrates 100 years of the Walt Disney Company, kicked off in January at Disneyland Resort. With special decor, merchandise, entertainment and more, here's everything we know about the Disney 100 Celebration at Disney World!

Is Disney losing Mickey Mouse?

In 1928, copyrights lasted for 28 years, with the option for renewal of another 28 years. As of 2023, Mickey Mouse was published almost 95 years ago. The copyright of the original Mickey Mouse character – as it appeared in “Steamboat Willie” – expires on January 1, 2024.

How is Disney doing financially right now?

Disney swung to a net loss of $460 million, or 25 cents per share, for the quarter ended July 1 from a net income of $1.41 billion, or 77 cents per share, during the year-ago period.

How successful is Disney now?

In 2022, the global revenue of The Walt Disney Company stood at over 80 billion U.S. dollars, marking the second-most profitable year in company history.

Is Disney World understaffed?

Many Cast Members were laid off during park closures, and while some were called back to work, others lost their jobs permanently. This staggering two-year drop in employment led to Disney's smallest reported workforce since 2015. The significant staff shortages were felt by guests since parks reopened.

How much has Disney sales dropped?

At linear networks (U.S. and global) profit fell 23% to $1.9 billion on sales of $6.69 billion, down 7%. Stateside, Disney noted lower advertising revenue and viewership at ABC.

Are Disney crowds back to normal?

Nothing brought Walt Disney World Resort back to its crowded “normal.” Some fans blamed the summer heat; others blamed the end of post-pandemic “revenge travel.” But the list of reasons guests avoid Walt Disney World Resort grows longer by the day.

What happens to Disney in 2024?

Starting on January 9, 2024, you can visit any theme park without a reservation as long as you have a date-based ticket. A date-based ticket is the standard ticket option and means you've purchased park passes for a specific time frame (whether it's tickets alone or part of a vacation package).

What is the future outlook for Disney?

Future Growth

Walt Disney is forecasted to grow earnings and revenue by 37.7% and 5.3% per annum respectively. EPS is expected to grow by 37.5%. Return on equity is forecast to be 10.1% in 3 years.

Is Disney over or undervalued?

Fair Value Estimate for Disney

With its 4-star rating, we believe Disney's stock is undervalued compared with our long-term fair value estimate. Our updated $145 fair value estimate for Disney (lowered from $155 in May) reflects slower subscriber growth and lower losses from streaming.

Is Disney still making a profit?

In the third quarter of 2023, the Walt Disney Company reported a net income of around 1.41 billion U.S. dollars, whereas in the second quarter of this year, it reported 1.27 billion U.S. dollars in net income.

Is Disney still a good long term investment?

Disney's long-term prospects are helped by its deep collection of intellectual properties capable of generating a variety of revenue streams. The company's financials are steadily improving, creating an opportunity for Disney to reinstate its dividend.

Is Disney a safe investment?

Disney has a consensus rating of “moderate buy” based on 22 analysts' ratings.