Higher profit forecasted for Disney

Walt Disney is expected to report higher first-quarter earnings this afternoon.
Author:
Publish date:
5_Pocoyo.jpg

Higher revenue at Disney’s broadcast and cable networks will increase Disney’s profits, according to analysts.

The firm is expected to earn 52 cents a share on $10 billion in revenue, according to a survey of analysts by Thomson Financial. This compares with 50 cents a share on $9.73 billion in revenue for its first quarter a year earlier, excluding the gain from sales of interests in E! Entertainment and Us Weekly.

Broadcast TV revenue is expected to increase by seven per cent to $1.75 billion due to higher advertising rates at the ABC network, according to another analyst. This is despite an 11 per cent drop in primetime ratings in the 18-49 category.

Meanwhile, cable network revenue could climb ten per cent to $2.4 billion, also due to stronger advertising rates, the analyst suggests.

Related

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.