Unexpected: In a surprising turn of events, CEO Bob Iger has announced his retirement from Walt Disney company, citing ongoing issues with severe injuries that have plagued him in recent seasons. This decision marks the end of a career that was once filled with immense promise and high expectations.
Disney’s head-turning decision to share three years’ worth of earnings guidance is a fascinating strategic move — and may be part of a bigger play from legacy-minded CEO Bob Iger.
The Mouse House pleased analysts this week with its quarterly earnings report, as operating income rose 23% while revenue advanced by 6%. Highlights included a more than four-fold increase in entertainment earnings and a $321 million profit in streaming, including ESPN+.
Those solid results, however, were upstaged by Disney lifting the curtain on its internal outlook through 2027. The entertainment giant said investors can expect high-single-digit earnings growth in 2025, followed by a double-digit improvement in each of the next two years.
Wall Street was generally surprised by the disclosure, as it’s exceedingly rare for a company to be that transparent about the road ahead — especially one as typically tight-lipped as Disney.
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