Disney reports earnings before the bell. Here's what to know

Disney is set to report its third-quarter earnings, with Wall Street closely watching the company’s streaming and theme parks businesses. Investors are eager to see if Disney’s streaming segment remains on track to reach profitability by the end of the year. The performance of theme parks, which is usually a strong part of Disney’s business, will also be under scrutiny, especially after lower profits at Disneyland Resort in California last quarter. Analysts expect earnings per share of $1.19 and revenue of $23.071 billion. Disney’s streaming services, including Disney+ and Hulu, have recently turned a profit, but ESPN+ has been a drag on the streaming unit. The traditional TV business is expected to decline as customers continue to cut the cord. The company’s theme parks division, a major profit driver, will be of interest, particularly the performance of U.S.-specific parks. Disney has committed to significant investments in its parks over the next decade. While last quarter saw revenue growth in the U.S. parks division, Disneyland Resort in California faced pressure due to lower profits attributed to cost inflation, including high labor expenses. Despite challenges, executives remain optimistic about the business, with a new theme park opening in 2025.