What You Need To Know Ahead of Disney’s Earnings Report Tuesday [Video]

Disney (DIS) is set to report earnings Tuesday for its second quarter of fiscal 2024 before the opening bell, with investors likely to be watching for streaming subscriber growth as the company works toward profitability in its streaming business.

Analysts project Disney’s revenue to be $22.08 billion for the second quarter of 2024, down from the previous quarter but up from $21.82 billion in the same period in 2023, according to estimates compiled by Visible Alpha.

Net income is expected to be $1.97 billion, a decline from the first quarter but up from $1.7 billion in the second quarter of 2023. Diluted earnings per share (EPS) are projected at $1.09, compared with 93 cents in the same period a year earlier.

Disney+ and Hulu subscriptions are expected to grow in the second quarter with early contributions from the company bundling its streaming offerings, Disney+, Hulu, and ESPN+.

Analysts project that Disney+ Core and Hulu …