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Disney reports earnings Wednesday: Here’s what to expect

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Yahoo Finance's Emily McCormick joins the Live show to break down earnings expectations for Disney.

Video Transcript

BRAD SMITH: On Wednesday, Disney reporting earnings this week. What are we looking out for there?

EMILY MCCORMICK: Well, of course, after what we saw with Netflix just a couple of weeks ago, all eyes are going to be on how Disney performed on its Disney+ streaming net ads. That's something that investors are hoping still show some signs of resilience, although we're likely to see a slowdown there, compared to what we saw in prior quarters. Now, for Disney, Disney+ streaming net additions are expected to come in at 4.2 million. The same period last year, Disney+ had added 8.7 million new streaming users. And in the last quarter, we saw 11.7 million users. So certainly seeing a deceleration both on an annual and a quarter over quarter basis.

But then of course, Disney has both its streaming play, as well as the theme parks and experiences, that reopening trade, so likely to see a little bit more of a pickup there, considering many of those virus related restrictions had started to ease during the quarter. And the parks experiences and resorts segment of the business is expected to swing to an operating profit of $1.6 billion in this latest quarterly report. So we'll see how this company does overall. It has really seen quite a bit of selling pressure so far for the year to date. We take a look-- of course, it is a Dow component. If we take a look at how that company has been performing here, down about 2.2% today, down about 42% for the year to date, guys.

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