Walt Disney Q3 Earnings Today (NYSE:DIS): Headwinds to Hinder Performance

The Walt Disney Co. (NYSE:DIS) is scheduled to report its Q3 Fiscal 2023 results on August 9 after the market closes. A number of known challenges are expected to hinder Disney’s performance. Wall Street expects Disney to post adjusted earnings of $0.98 per share, lower than last year’s figure of $1.09 per share. Meanwhile, the analyst consensus for revenue is pegged at $22.49 billion, 4.6% higher than the comparative period last year.

Factors Impacting Disney’s Results

Factors that could have impacted Disney’s quarterly results include the loss of subscribers in the Direct-to-Consumer segment, weak TV advertising revenues, declining attendance at the Disney theme parks, and the ongoing Hollywood actors’ and writers’ strike. Although Disney has undertaken strategic steps to curb costs and streamline operations, they may not be enough to outweigh the current headwinds.