Walt Disney Company is putting the finishing touches on a multi-year storyline that has cast Bob Iger as the company's knight in shining armor. Two years after Iger returned as chief executive officer (CEO) to save the company, Disney last week reported stellar results that exceeded analyst expectations and sent the stock up more than 6%—its biggest daily increase since February. Disney's closely watched streaming business swung to a $321 million profit from a nearly $400 million loss a year ago, and the film unit had what Iger said was one of the best quarters in its history thanks to Inside Out 2 and Deadpool & Wolverine.
There are still big problems, such as the plummeting legacy cable TV business and weakness in the cruise and parks division. But the company feels confident enough in its comeback that it put out three-year guidance—a level of visibility Disney rarely provides. It said adjusted earnings-per-share (EPS) growth will increase in the high single digits its next fiscal year, and double digits in 2026 and 2027.
Iger, however, won't be the one who has to deliver on some of these promises. His contract is set to expire at the end of 2026, and Disney has said it will finally name his replacement early that year.
هذه القصة مأخوذة من طبعة November 25, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 25, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Becoming better at work with daily reflection
Fujifilm India's Arun Babu on the significance of constant learning
A new incentive structure could help preserve standing forests
The proposed tropical forest forever facility would use blended finance to reward countries for protecting their green cover
Using AI in workflow to make work less stressful
Al's role in workflow automation goes beyond efficiency-it also directly impacts employee well-being
Let someone else play knight in shining armour for Disney
CEO Iger should quit can-kicking and help the next chief succeed
Thomas E. Kurtz gave us our Basic lessons in software
He wanted computers kept accessible, as seen in the programming language he pioneered
Why the 5-star hotel experience needs urgent reforms
From gagging TV sets to guiding guests on surviving tucked-in beds, plenty needs to be fixed
COP-29 could not escape the US election's impact
The $300 billion pledged by rich countries as climate funding is grossly insufficient. True, Trump's US may revert to climate scepticism, but others must try harder to mobilize funds
Empower women to participate equally in Digital India's success
We must go beyond bridging gaps in internet access and maximize women's agency in using devices
THE PROMISE AND CHALLENGES OF INSURANCE REFORM
One of the most awaited results of the hike in foreign holding is the infusion of capital
Sending money abroad? Here's how you can reclaim your TCS
I want to send money to my son in US under the Liberalised Remittance Scheme (LRS). I understand that tax collected at source (TCS) is paid on the transaction. How can I reclaim it?
