Question · Q4 2025
Steven Cahill inquired about the growth outlook for Disney's film studios, given the strong upcoming slate including Avatar: Fire and Ash and Avengers: Doomsday, and the implied softer start in Q1. He also asked if the fiscal 2026 EPS guidance accounts for a sustained blackout due to the ongoing carriage dispute with YouTube TV.
Answer
CEO Bob Iger expressed bullishness on the studio slate for fiscal 2026 and beyond, citing anticipated hits like Zootopia 2 and The Mandalorian and Grogu, and highlighting past successes like Lilo & Stitch. CFO Hugh Johnston clarified that the Q1 guide reflects overlap timing rather than slate weakness and confirmed that the EPS guidance includes a hedge for the YouTube TV dispute, noting that economic impact considers both lost revenue and subscriber migration.