Bob Iger will Participate in Disney’s First Earnings Call of 2023. The Walt Disney Company Executives To Discuss Fiscal First Quarter 2023 Financial Results Via Webcast in an upcoming earnings report to be held this February 8th, 2023. Disney has announced this on The Walt Disney Company Investor Relationship webpage.
The last time we had an earnings report back in November, Disney announced they had missed the mark, which among many other reasons led to the firing of Ex-Co Bob Chapek who was a little belligerent with the news.
Disney Stock has been down even lower since the return of Bob Iger to the CEO Role of Disney. This will be his first report out since taking the helm.
Related: Walt Disney Company Stock hits a multi-year low after 4th Quarter Earnings Report
First Earnings Call of 2023
From The Walt Disney Company 4th Quarter Report:
“2022 was a strong year for Disney, with some of our best storytelling yet, record results at our Parks, Experiences, and Products segment, and outstanding subscriber growth at our direct-to-consumer services, which added nearly 57 million subscriptions this year for a total of more than 235 million,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “Our fourth quarter saw strong subscription growth with the addition of 14.6 million total subscriptions, including 12.1 million Disney+ subscribers.
The rapid growth of Disney+ in just three years since launch is a direct result of our strategic decision to invest heavily in creating incredible content and rolling out the service internationally, and we expect our DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming we do not see a meaningful shift in the economic climate. By realigning our costs and realizing the benefits of price increases and our Disney+ ad-supported tier coming December 8, we believe we will be on the path to achieving a profitable streaming business that will drive continued growth and generate shareholder value long into the future.
And as we embark on Disney’s second century in 2023, I am filled with optimism that this iconic company’s best days still lie ahead.”
Related: Walt Disney Company New Losses Total $123 Billion in 2022 and a 44% Stock Drop
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