What To Watch For In Disney Earnings Report

Walt Disney World, Disney World, Disney

Image Source: Pixabay

Media giant and theme park operator Disney (DIS) is scheduled to report results of its second fiscal quarter after the market close on May 13, with a conference call scheduled for 4:30 p.m. ET. Here is what to look out for.

Disney+

With its last quarterly report, Disney reported 94.9 million paid subscribers as of Jan. 2, 2021 for its Disney+ streaming service. The company also reported ESPN+ paid subscribers of 12.1 million in Q1, versus 6.6 million last year, and reported total Hulu paid subscribers of 39.4 million in Q1, versus 30.4 million a year prior.

CEO Bob Chapek stated:

"We believe the strategic actions we're taking to transform our Company will fuel our growth and enhance shareholder value, as demonstrated by the incredible strides we've made in our DTC business, reaching more than 146 million total paid subscriptions across our streaming services at the end of the quarter. We're confident that, with our robust pipeline of exceptional, high-quality content and the upcoming launch of our new Star-branded international general entertainment offering, we are well-positioned to achieve even greater success going forward."

Since then, at the company's virtual annual shareholders meeting on March 9, Chapek announced that Disney+ surpassed 100 million global paid subscribers "in just 16 months since its launch."

Chapek said at that time that the company has set a target of 100+ new titles per year, which includes Disney Animation, Disney Live Action, Marvel, Star Wars, and National Geographic. "Our direct-to-consumer business is the company's top priority, and our robust pipeline of content will continue to fuel its growth," the executive added.

In an earnings preview note, Credit Suisse analyst Douglas Mitchelson said he thinks investors are focusing on Disney+ subscriber performance, theme park momentum as COVID-19 mandates ease in the U.S., and the company's longer-term earnings power in FY22-FY25.

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