Walt Disney Stock Price, News & Analysis

The Walt Disney Company (NYSE: DIS) will release its fiscal second quarter 2021 financial results on May 13, 2021, after regular trading hours.

A live audio webcast detailing these results will commence at 4:30 p.m. ET / 1:30 p.m. PT on the same day. Investors can access the webcast through www.disney.com/investors, where it will also be archived for later viewing.

Shareholders of The Walt Disney Company (NYSE:DIS) re-elected all ten members of the Board of Directors during the virtual 2021 Annual Meeting. Elected directors include Susan E. Arnold, Mary T. Barra, and Robert A. Iger, among others. Additionally, PricewaterhouseCoopers LLP was ratified as independent accountants for the fiscal year ending October 2, 2021. Shareholders also approved an advisory resolution on executive compensation. Two shareholder proposals regarding lobbying disclosure and employee representation in nominations were rejected. Final tallies will be certified and reported to the SEC.

Disney+ has achieved a milestone of 100 million global paid subscribers within 16 months of its launch, as announced by CEO Bob Chapek during the virtual Annual Meeting of Shareholders. This success has prompted Disney to increase its content investment, targeting over 100 new titles annually, covering franchises like Marvel and Star Wars. Disney+ launched on November 12, 2019, and has expanded rapidly, now available in various international markets. The company emphasizes its direct-to-consumer business as a top priority for future growth.

Bob Chapek, CEO of The Walt Disney Company (NYSE: DIS), will participate in a Q&A session at the Morgan Stanley Technology, Media and Telecommunications Conference on March 1, 2021, at 3:45 p.m. PT / 6:45 p.m. ET. Investors can listen to the live webcast by visiting www.disney.com/investors, where the presentation will also be archived for later access. This event presents an opportunity for shareholders and stakeholders to gain insights into Disney's strategies and future directions.

The Walt Disney Company (NYSE: DIS) reported a significant earnings decline for the first fiscal quarter ended January 2, 2021, with diluted EPS from continuing operations plunging by 98% to $0.02, down from $1.17 year-over-year.

Excluding certain items, EPS fell by 79% to $0.32. Revenues dropped 22% to $16.25 billion, primarily due to COVID-19's impact on Disney Parks and Experiences, which saw losses of approximately $2.6 billion. Despite these setbacks, Disney's direct-to-consumer segment showed growth, achieving over 146 million paid subscriptions across its streaming platforms.

Disney is launching nuiMOs, miniature plush toys available in North America and Europe starting January 19, enhancing its product line in the global market. These plush characters, popular in Asia, include iconic figures like Mickey Mouse and Stitch, and will be sold on shopDisney.com and in select Disney Parks. New accessories and outfits will be introduced monthly from February, catering to current trends. Each plush is priced at $17.99 USD, with outfits starting at $12.99 USD.

The Walt Disney Company (NYSE: DIS) will present its fiscal first quarter 2021 financial results on February 11, 2021, with a live audio webcast at 4:30 p.m. ET. Results will be made available after the market closes on the same day. Investors can access the webcast via www.disney.com/investors, where an archived version will also be available for later viewing.