Sign in

    Walt Disney Co (DIS)

    You might also like

    Business Description

    The Walt Disney Company is a global entertainment conglomerate that operates through three main segments: Entertainment, Sports, and Experiences. The company offers a wide range of products and services, including streaming platforms, television channels, theme parks, resorts, and consumer products. Disney generates revenue from subscription fees, advertising, affiliate fees, theatrical distribution, theme park admissions, and merchandise sales, making it a significant player in the entertainment and leisure industries .

    1. Entertainment - Offers linear networks and direct-to-consumer services such as Disney+, Hulu, and Disney+ Hotstar, along with content sales and licensing, including theatrical, TV/VOD, and home entertainment distribution.
    2. Experiences - Operates domestic and international theme parks and resorts, Disney Cruise Line, and consumer products, generating revenue from admissions, vacations, merchandise licensing, and retail sales.
    3. Sports - Focuses on ESPN-branded television channels and ESPN+ direct-to-consumer service, with additional offerings from Star-branded sports channels in India, earning revenue through affiliate fees, advertising, and subscriptions.

    Key Metrics

    View all financials →

    Executive Team

    NamePositionStart DateShort Bio
    Robert A. IgerChief Executive OfficerNovember 20, 2022Robert A. Iger is the CEO of The Walt Disney Company. He previously served as Executive Chairman and CEO from September 2005 to February 2020, and as Chairman of the Board from 2012 to 2021 .
    Hugh F. JohnstonSenior Executive Vice President and Chief Financial OfficerDecember 4, 2023Hugh F. Johnston joined Disney as CFO in December 2023. He previously held leadership roles at PepsiCo, including EVP and CFO from 2010 and Vice Chairman from 2015 to November 2023 .
    Horacio E. GutierrezSenior Executive Vice President, Chief Legal and Compliance OfficerDecember 21, 2023Horacio E. Gutierrez was appointed as Chief Legal and Compliance Officer in December 2023. He joined Disney as General Counsel in February 2022 and was Chief Compliance Officer from March 2023 .
    Sonia L. ColemanSenior Executive Vice President and Chief Human Resources OfficerApril 8, 2023Sonia L. Coleman became Chief Human Resources Officer in April 2023. She previously served as SVP, Human Resources at Disney General Entertainment and ESPN from August 2021 .
    Kristina K. SchakeSenior Executive Vice President and Chief Communications OfficerJune 29, 2022Kristina K. Schake was appointed Chief Communications Officer in June 2022. She previously served as EVP, Global Communications starting in April 2022 .
    Bob ChapekFormer Chief Executive OfficerFebruary 24, 2020Bob Chapek served as CEO from February 2020 until November 2022. His contract was extended in July 2022, but he was terminated without cause in November 2022 .
    James P. GormanChairman of the BoardJanuary 2, 2025James P. Gorman will become Chairman of the Board in January 2025. He joined Disney's Board in 2024 and is the Executive Chairman of Morgan Stanley until December 2024 .
    Kevin A. LansberryInterim Chief Financial OfficerJuly 1, 2023Kevin A. Lansberry was appointed Interim CFO in July 2023. He previously served as EVP and CFO of Disney's Parks, Experiences and Products segment from March 2018 .
    Carolyn N. EversonDirector2022Carolyn N. Everson has been a Director since 2022. She has extensive experience in marketing solutions and global sales from her roles at Instacart, Meta Platforms, and Microsoft .

    Questions to Ask Management

    1. Despite focusing on strengthening your core business with high-quality content, how do you plan to balance the need for selective investments in international markets, notably EMEA and APAC, without significantly disrupting cash flow or overall company performance?
    2. With the continued decline in linear networks, what specific strategies are you implementing to manage this business over the next several years, and how will you mitigate its impact on Disney's overall financial health?
    3. As you prepare to launch ESPN's flagship direct-to-consumer offering in early fall 2025, how will you address potential integration challenges of live sports and betting features to ensure a compelling and personalized customer experience while driving subscriber growth?
    4. Given the competitive landscape and the importance of live sports to advertisers, how confident are you in achieving advertising growth stronger than the 3% seen in 2024, especially considering the shift from linear to streaming platforms and your recent investments in ad tech?
    5. Considering your guidance for high single-digit adjusted EPS growth in fiscal 2025 and acceleration to double-digit growth in fiscal 2026 and '27, what are the key risks that could hinder these projections, and what measures are you taking to address them?

    Share Repurchase Program

    Program DetailsProgram 1
    Approval DateFebruary 7, 2024
    End Date/DurationNo expiration date
    Total additional amount400 million shares
    Remaining authorization amount372 million shares (as of September 28, 2024)
    DetailsTarget of $3 billion in repurchases for fiscal 2024

    Debt Maturity Schedule

    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2025$6,688 U.S. Dollar Denominated Notes, Foreign Currency Denominated Debt, Asia Theme Parks Borrowings4.06, 2.91 14.6% = (6,688 / 45,815) * 100
    2026$4,578 U.S. Dollar Denominated Notes, Foreign Currency Denominated Debt4.06, 2.91 10.0% = (4,578 / 45,815) * 100
    2027$2,926 U.S. Dollar Denominated Notes, Foreign Currency Denominated Debt4.06, 2.91 6.4% = (2,926 / 45,815) * 100
    2028$1,599 U.S. Dollar Denominated Notes4.06 3.5% = (1,599 / 45,815) * 100
    2029$2,195 U.S. Dollar Denominated Notes4.06 4.8% = (2,195 / 45,815) * 100
    Thereafter$25,823 U.S. Dollar Denominated Notes, Foreign Currency Denominated Debt, Asia Theme Parks Borrowings4.06, 2.91 56.4% = (25,823 / 45,815) * 100

    Auditor

    NameStart DateEnd DateReason for Change
    PricewaterhouseCoopers LLP1938 PresentCurrent auditor