Disney reports earnings before the bell. Here's what to expect

Josh D'Amaro, chairman of Disney Experiences, speaks during the grand opening ceremony of Shanghai Disney Resort's Zootopia-themed land on December 19, 2023 in Shanghai, China. Vcg | Visual China Group | Disney will release its fiscal second-quarter results before the bell Wednesday. It will mark the first earnings call led by Josh D'Amaro since the former parks executive took over as CEO in March. Under the new CEO, who replaced Bob Iger after his two turns at the helm totaling roughly 20 years, Disney has already been through a round of layoffs and has faced mounting political pressure surrounding its late night TV host Jimmy Kimmel. "This earnings call marks Disney's first real gut‑check under D'Amaro's leadership, and a test of how his theme‑parks roots translate, or don't, into the rest of the business," said Mike Proulx, research director at Forrester. "Streaming is still the main event, but the market is consolidating. A potential combination of Paramount+ and HBO Max would reset the competitive calculus for Disney+." Streaming and TV results have gobbled up much of the focus for media investors across the board as the industry faces significant upheaval and consolidation. …