Disney Earnings: Streaming and Theme Parks in Focus

Disney reports its fiscal third-quarter earnings on Wednesday, and investors are eager to hear about the company's streaming and theme parks business. The entertainment giant has seen significant changes since CEO Josh D'Amaro took over in May, including layoffs across various divisions, including ESPN.

Last quarter, D'Amaro outlined his plans for future growth, focusing on investing in intellectual property and advancing technology around storytelling to boost theme parks and streaming. Wall Street will be looking for updates on how current macroeconomic conditions are affecting Disney's businesses, particularly the effects of the U.S.-Israel conflict with Iran and related jump in oil prices.

Theme parks remain a significant driver of revenue and profit for Disney. However, some of its peers have experienced lower attendance due to 'weakness in consumer sentiment and higher travel costs.' Despite these trends, Disney reported that demand at domestic parks remained healthy, with an increase in guest spending during the quarter.