Disney Reports ESPN Financial Results, Analysts Say Results Are 'Intriguing,' Better Than Expected: What This Means for the Future
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Media giant Walt Disney Co DIS has had A rough 2023 and projects has potentially sell disabled Or reuse assets as It is ESPN brand.
THE business broken out ESPN income And earnings Since 2022 And 2023 since the beginning of the year Wednesday And will here THE business separated Since entertainment going forward.
Here is What analysts are saying about THE ESPN finance And Disney look forward.
Macquarie on Disney: THE ESPN Numbers were similar has What was expected, but THE preview In THE real Numbers East "intriguing," Macquarie analyst Tim Nollen said.
Nollen, WHO had a Neutral rating And price target of $94 on Disney, size up THE strength of THE ESPN brand And sports segment.
Year to date, THE sports segment, which was the majority represented by ESPN, had income of $13.2 billion And Operating income of $1.5 billion. THE ESPN+ streaming platform had $1.25 billion In income In THE First of all nine month of THE tax year base on estimates Since THE analyst.
ESPN represented around 55% of Disney Linear Networks income.
"But ESPN generated $8.1 billion In affiliate costs against. $5.6 billion has THE other Disney chains In THE WE. And international, And almost THE even advertisement," Nollen said.
THE analyst said This spoke has THE value of ESPN. While sports income was tendency down, he was always TO DO better that THE other linear networks For THE company.
"This update can help together a few expectations For both A possible ESPN OTT services finance And can help together a few settings around assessment of any of them possible active transfers, as Disney has recognized could be on THE cards. »
Related Link: Disney T3 Earnings Strong points: Income Miss, PES Beat, 105.7 Million Heart Disney+ Subscribers
Morgan Stanley on Disney: Historical finance Since ESPN provide A look has THE potential growth of ESPN, Morgan Stanley analyst Benjamin Swinburne said.
Swinburne, WHO had a Overweight rating And price target of $105 on Disney, said THE new disclosure was "very informative. »
“ESPN has has been more stable that expected, NOW can he to grow Again?" Swinburne » asked.
In THE First of all nine month of THE current tax year, income For ESPN was up 3%. Swinburne said that while This growth was modest, he was significantly upper that THE generally WE. linear TV walk For Disney And overall.
"As Disney prepared has both bring on strategic/actions the partners And launch ESPN DTC, We believe It is ambitions are has growth THE business on time."
THE analyst said This will not be A easy stain given current television trends.
"However, he East departure disabled on A more stable base that We had expected And should advantage Since widely rising engagement levels through both It is live content And shoulder programming. »
THE analyst said reports put A assessment of $25 has $35 billion on ESPN, which with THE new finances, could offer assessment estimates For other business segments that could be on THE chop block.
“Disney management has publicly discussed he East open has strategic choice For these profitable but typically in decline entertainment networks. »
Swinburne added that there could be complexities In sale certain business segments such like FX And ABC given their relationships with Hulu And ESPN respectively.
What is this Following: Disney will report fourth trimester financial results After walk close on Nov. 9. THE business will to break...
Media giant Walt Disney Co DIS has had A rough 2023 and projects has potentially sell disabled Or reuse assets as It is ESPN brand.
THE business broken out ESPN income And earnings Since 2022 And 2023 since the beginning of the year Wednesday And will here THE business separated Since entertainment going forward.
Here is What analysts are saying about THE ESPN finance And Disney look forward.
Macquarie on Disney: THE ESPN Numbers were similar has What was expected, but THE preview In THE real Numbers East "intriguing," Macquarie analyst Tim Nollen said.
Nollen, WHO had a Neutral rating And price target of $94 on Disney, size up THE strength of THE ESPN brand And sports segment.
Year to date, THE sports segment, which was the majority represented by ESPN, had income of $13.2 billion And Operating income of $1.5 billion. THE ESPN+ streaming platform had $1.25 billion In income In THE First of all nine month of THE tax year base on estimates Since THE analyst.
ESPN represented around 55% of Disney Linear Networks income.
"But ESPN generated $8.1 billion In affiliate costs against. $5.6 billion has THE other Disney chains In THE WE. And international, And almost THE even advertisement," Nollen said.
THE analyst said This spoke has THE value of ESPN. While sports income was tendency down, he was always TO DO better that THE other linear networks For THE company.
"This update can help together a few expectations For both A possible ESPN OTT services finance And can help together a few settings around assessment of any of them possible active transfers, as Disney has recognized could be on THE cards. »
Related Link: Disney T3 Earnings Strong points: Income Miss, PES Beat, 105.7 Million Heart Disney+ Subscribers
Morgan Stanley on Disney: Historical finance Since ESPN provide A look has THE potential growth of ESPN, Morgan Stanley analyst Benjamin Swinburne said.
Swinburne, WHO had a Overweight rating And price target of $105 on Disney, said THE new disclosure was "very informative. »
“ESPN has has been more stable that expected, NOW can he to grow Again?" Swinburne » asked.
In THE First of all nine month of THE current tax year, income For ESPN was up 3%. Swinburne said that while This growth was modest, he was significantly upper that THE generally WE. linear TV walk For Disney And overall.
"As Disney prepared has both bring on strategic/actions the partners And launch ESPN DTC, We believe It is ambitions are has growth THE business on time."
THE analyst said This will not be A easy stain given current television trends.
"However, he East departure disabled on A more stable base that We had expected And should advantage Since widely rising engagement levels through both It is live content And shoulder programming. »
THE analyst said reports put A assessment of $25 has $35 billion on ESPN, which with THE new finances, could offer assessment estimates For other business segments that could be on THE chop block.
“Disney management has publicly discussed he East open has strategic choice For these profitable but typically in decline entertainment networks. »
Swinburne added that there could be complexities In sale certain business segments such like FX And ABC given their relationships with Hulu And ESPN respectively.
What is this Following: Disney will report fourth trimester financial results After walk close on Nov. 9. THE business will to break...
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