Walt Disney Stock Price, News & Analysis

The Walt Disney Company (NYSE: DIS) will discuss its fiscal first quarter 2023 financial results on a live audio webcast at 4:30 p.m. ET on February 8, 2023. The results will be made public after the market closes on the same day. Investors can access the webcast via the company’s investor relations website.

The Walt Disney Company (NYSE: DIS) announced that TRC Capital Investment Corp. has made an unsolicited mini-tender offer for 1,500,000 shares of Disney stock at $85.00 per share, lowered from a previous offer of $89.15. Disney advises shareholders not to accept the offer as it is below the current market price, emphasizing that TRC is not affiliated with Disney and that mini-tender offers lack the same investor protections as larger offers. The offer expires on January 12, 2023, and as of December 27, 2022, no shares had been tendered.

Disney+ has launched its ad-supported subscription plan in the U.S., partnering with over 100 advertisers. This move expands consumer choice and includes plans for both Disney+ and Hulu + Live TV. New pricing starts at $7.99/month for the ad-supported Disney+ Basic plan. Existing subscribers can switch for the same price, while Premium plans remain at $10.99/month or $109.99/year. The launch includes significant ad capabilities and access to a vast content catalog, although ad-supported plans lack some premium features.

The Walt Disney Company (NYSE: DIS) has appointed Robert A. Iger as CEO, effective immediately. Iger returns to lead the company for two years, following Bob Chapek's departure, aiming to navigate Disney through a complex industry transformation. Iger, who previously led Disney for 15 years, will work on strategic growth and succession planning. His past achievements include expanding Disney through acquisitions such as Pixar and Marvel and increasing market capitalization fivefold. The Board emphasized Iger's unique qualifications for this pivotal period.

The Michaels Organization has been selected by Walt Disney World to develop an attainable housing initiative on 80 acres in southwest Orange County, Florida. This project aims to provide over 1,300 affordable housing units for qualifying applicants, including Disney cast members. The collaboration supports Orange County's Housing for All action plan, addressing local housing affordability challenges. The initiative is expected to create jobs and follows Disney's commitment to community investment, including a $300K donation to local food banks this year.

The Walt Disney Company (NYSE: DIS) reported Q4 and fiscal year 2022 earnings with revenues growing 9% to $20.15 billion and 23% to $82.72 billion, respectively. Diluted EPS from continuing operations remained at $0.09 for Q4, while annual EPS rose 58% to $1.75. Excluding certain items, Q4 EPS dropped to $0.30 from $0.37. Notably, Disney+ added 12.1 million subscribers this quarter, totaling over 235 million for the year. The company anticipates narrowing DTC operating losses and expects Disney+ to achieve profitability by fiscal 2024.

Sinclair Broadcast Group (SBGI) and Disney Media & Entertainment Distribution (DIS) have announced a multi-year renewal of ABC affiliations across all Sinclair stations through 2026. This extends the partnership and includes renewals for three ABC affiliated stations in Rochester, NY, and Traverse City, MI. Sinclair's SVP, Will Bell, emphasized the value of this relationship in delivering popular entertainment and news programming, while Disney's John Rouse expressed enthusiasm for the continued collaboration to serve local markets effectively.