Kevin O'Connell, Kwesi Adofo-Mensah preview Vikings training camp [RAW]
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Disney earnings preview: All eyes on ESPN amid streaming push
Disney (DIS) is set to report fiscal third quarter results before the bell on Wednesday. Investor attention is squarely on its sports strategy amid reports that ESPN has reached a deal to acquire key NFL Media assets, including NFL RedZone, in exchange for an equity stake of up to 10% in the network. Sports remain a central pillar of Disney's streaming strategy as ESPN prepares to launch a new standalone service this fall. Analysts see the debut as a key step toward more bundling opportunities with Disney+ and Hulu as streamers across the industry work to retain subscribers and reduce churn. Here's how Wall Street expects Disney to perform, according to consensus estimates compiled by Bloomberg: Total revenue: $23.68 billion versus $23.16 billion in Q3 2024 Adjusted earnings per share: $1.46 versus $1.39 in Q3 2024 Entertainment revenue: $10.82 billion versus $10.58 billion in Q3 2024 Parks and Experiences revenue: $8.87 billion versus $8.39 billion in Q3 2024 Sports revenue: $4.44 billion versus $4.56 billion in Q3 2024 Disney+ subscriber net additions: 2.05 million versus 7.7 million in Q3 2024 "With the NFL as an investor, ESPN's long-term future is incrementally more secure," Morgan Stanley analyst Ben Swinburne wrote in a note previewing the results. "While the NFL cannot stop cord-cutting and will surely not give Disney a discount in future rights renewals, by investing in ESPN, the NFL will be even more motivated to help ESPN survive and potentially thrive in the new streaming-first world ahead," he wrote. Read more: Live coverage of corporate earnings In May, Disney raised its full-year profit forecast to $5.75 a share, marking a 16% increase from fiscal 2024. "If the macro backdrop remains healthy, we see Disney generating healthy double-digit adjusted EPS growth in the years ahead," Swinburne added, raising his price target on the stock to $140 from the prior $120. Disney stock has rebounded about 7% since the start of 2025 but still slightly lags the broader S&P 500 (^GSPC). The push into streaming comes as Disney continues to adapt to the mass exodus of pay-TV subscribers. In June, the company laid off several hundred employees across its global operations in a bid to streamline costs, with cuts impacting areas such as TV marketing, publicity, and corporate finance. In a statement to Yahoo Finance, Disney said at the time that it had taken a "surgical" approach to minimize the number of impacted roles, adding that no entire teams were being eliminated. Since 2023, Disney has cut more than 8,000 jobs as part of a $7.5 billion cost-savings initiative. Beyond sports and streaming, Disney's Parks and Experiences segment remains a key growth driver. Wall Street analysts expect operating income from the unit to accelerate in fiscal 2026, fueled by new cruise ships and the continued ramp-up of international and domestic park expansions. In a notable push abroad, the company recently announced plans to open a new theme park and resort in Abu Dhabi — its first major expansion into the Middle East and its seventh global resort. The move comes as fresh competition emerges closer to home following the debut of NBCUniversal's Epic Universe in May. Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Vikings receiver Jordan Addison suspended for 3 games as a result of 2024 DUI
Minnesota Vikings wide receiver Jordan Addison has been suspended by the NFL in connection to a DUI charge from 2024, the NFL announced on Tuesday. Addison will miss three games as a result of the suspension, though he is still permitted to practice with the team and play in the preseason. Addison was arrested in Southern California last July after being found "asleep at the wheel" while blocking a freeway lane near Los Angeles International Airport. He was charged with driving under the influence after being arrested under suspicion of drunk driving. Addison was facing a minimum three-game suspension from the NFL as a result of the incident. The third-year receiver was set to go in front of a jury trial last month, but instead pled down to a lesser offense. Addison will serve 12 months' probation as part of the lesser charge, known as a "wet reckless"; the charge, also known as "wet and reckless," is a reckless driving charge where alcohol or drugs are involved, but carries a lesser sentence than a DUI. In addition to receiving probation, Addison was required to pay a fine and finish two online courses related to driving under the influence, per Addison's agent Tim Younger, who said that he expects Addison's probation to end early after six months. As a result of pleading down, Addison will not have his driver's license suspended. Despite not being formally convicted of a DUI, Addison is still subject to the NFL's strict personal conduct policy, which states that players who have violated the policy can still be punished even if they do not receive a criminal conviction. Addison has put up two consistent years with Minnesota, starting in 15 games last season. He is the team's second-leading receiver and scorer behind star Vikings receiver Justin Jefferson, who is currently questionable with a hamstring injury without a clear timeline for return.
Yahoo
25 minutes ago
- Yahoo
Ivan Zazzaroni: Inter Milan To Make Atalanta New Cash + Player Offer For Ademola Lookman
Atalanta wantaway star Ademola Lookman is inching ever closer to joining Inter Milan after an exhausting transfer saga. According to Ivan Zazzaroni, the director of Corriere dello Sport, via FCInterNews, the player has left Bergamo. It's now a near-certainty that Ademola Lookman will not play for Atalanta next season. Despite the club's reluctance to lose another star player after selling Mateo Retegui, Lookman has other plans. Indeed, the 27-year-old is hellbent on joining the San Siro club by the end of the summer. Furthermore, he has already made his intentions clear by refusing to take part in pre-season training. On top of that, he has removed all social media posts in the Atalanta shirt. However, Lookman's actions have not fazed La Dea, who are seemingly sticking to their guns. They won't sell their prize asset for less than €50 million. As such, they've already turned down two offers from Inter, including a €45 million bid last time out. Ivan Zazzaroni Insists Inter Milan Will Make New Offer for Atalanta Ace Ademola Lookman TURIN, ITALY – MARCH 09: Ademola Lookman of Atalanta celebrates scoring his team's fourth goal during the Serie A match between Juventus and Atalanta at the Allianz Stadium on March 09, 2025 in Turin, Italy. (Photo by) Despite two failed attempts, Inter won't give up on their hopes of signing the former RB Leipzig star. On the contrary, they're piecing together a new offer that will reportedly include a counterpart. Indeed, Inter are hoping that a player-plus-cash bid would change Atalanta's mind. 'Inter are ready to offer €46–47 million plus a youngster for Lookman,' Zazzaroni claims. 'This will truly be their final offer. 'The player has physically left Bergamo, and at the moment, no one knows where he is.' Furthermore, Zazzaroni insists the relationship between the clubs remains phenomenal. 'The relationship between Inter and Atalanta remains excellent. 'Inter are now waiting for a response from Percassi and are willing to go up to €50 million – but not a cent more – including a young player as part of the deal.'
