Bloomberg Talks
Disney CFO Hugh Johnston Talks Earnings
May 7, 2024
Disney's CFO Hugh Johnston discusses Disney's strong Q2 earnings, focusing on theme parks and streaming. They explore growth strategies for the streaming business, including programming, bundling, cost reduction, and technology for recommendation engines.
09:20
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Quick takeaways
- Disney's strong financial performance in Q2 was driven by growth in streaming services and increased ticket prices at theme parks.
- Disney's strategic focus on bundling services, efficient distribution methods, and international expansion presents growth opportunities in the streaming media business and theme parks.
Deep dives
Disney's Strong Quarter Performance and Future Projections
Disney reported a fiscal second quarter profit beating estimates due to improved performance in its streaming TV business and higher ticket prices at theme parks. The company highlighted a 17% revenue growth, 30% EPS growth, and a 12% revenue growth in the streaming service. Disney's CFO mentioned that pricing power remains robust, and they are optimistic about the theme park business and streaming services like Hulu.
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