Why EVERY Disney Fan Needs to Be Marking Their Calendars for August 9
One of the most important dates of the year for the Walt Disney Company is quickly approaching.
This year has been one full of drama, politics, and uncertainty for the Walt Disney Company. Since reprising his role as Disney’s Chief Executive Officer after the departure of Bob Chapek, Bob Iger has been tasked with the massive job of turning the company’s financial situation around. Iger has had to navigate the company through significant movie flops, streaming losses, and theme Park problems this past year. He has also had to engage in the ongoing conflict between Walt Disney World Resort and Florida Governor Ron DeSantis over the Reedy Creek Improvement District.
At the beginning of August, one critical meeting will reveal to the world if Iger’s work has been a triumph or a letdown.
A Look Into the Walt Disney Company’s Performance
The highly anticipated 2023 Disney Q3 earning call provided valuable insights into the performance of one of the world’s most beloved entertainment giants. It has been announced that the quarter three call will take place on August 9 at 4:30 p.m. This call is absolutely one of the most important events of the year for Disney supporters and should not be missed.
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Unfortunately, many people are not feeling that this company earnings call is going to be a positive one. The two prior year quarter calls have revealed some significant losses in the company this fiscal year. A lot of these losses are a reflection of the Disney+ streaming service losing subscribers and revenue while theatrical releases continue to fall short of expectations.
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What to Expect During the Q3 Call
If you will be tuning into the call on August 9, there are some significant things to be listening for. At an earlier quarterly earning call, Iger announced the Company would be terminating 7,000 jobs. Fans will be eager to see if this is enough to satiate Iger or if more cuts can be expected in the future. It will also be interesting to hear any comments about the unexpected departure of Christine McCarthy, Disney’s CFO, and DEI chief, Latondra Newton.
