• Loading stock data...
Saturday, July 20, 2024
Join us this September for Tuned In Request to Attend

Disney Hits $21.5B, Hints Sportsbook Partnership Coming

  • Disney's revenue rose 26% year-over-year to $21.5 billion.
  • CEO Bob Chapek hinted that a sports betting partnership could be coming soon.
Ron Chenoy-USA TODAY Sports

Disney is approaching its 99th birthday, and the company is still finding ways to grow.

The media giant saw revenue rise 26% year-over-year, hitting $21.5 billion in the fiscal quarter ending July 2.

  • Disney+ jumped to 152.1 million subscribers, vaulting analysts’ expectations of 147 million.
  • ESPN+ jumped 53% to 22.8 million subscribers. Hulu rose 8% to hit 46.2 million.
  • While linear was relatively flat, rising 3% year-over-year to $7.2 billion, direct-to-consumer media leapt 19% to $5.1 billion.

Disney’s stock rose around 6.5% after the earnings release.

The company also announced a new ad-supported tier for Disney+. 

“We’re continually enamored by the power of sports in terms of viewership, particularly in an advertising-type world,” CEO Bob Chapek told investors. He mentioned Disney is “definitely interested in renewing” its partnership with the NBA.

Chapek hinted that an announcement about a partnership with a sportsbook could be coming soon to integrate betting opportunities with broadcasts.

“Our sports fans that are under 30 absolutely require this type of [sports betting] utility,” said Chapek. 

ESPN’s Future

Chapek noted that the company is considering what “ESPN would look like in a true DTC future,” adding that “we’ve negotiated flexibility into our new rights agreements.”

The company reportedly considered, then decided against spinning off ESPN, as it faces increasing competition from tech giants that can bundle a host of media and other services.

Copy Link
Link Copied
Link Copied

What to Read

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.

Stephen A. Smith: Skip and I Are Done As TV Team

The broadcaster delivered the news himself on his YouTube show.

Lamar Jackson, Troy Aikman in Legal Battle Over the Number Eight

The two quarterbacks both have trademarks with the number.

Jaguars Sue Ex-Employee for $66.6 Million After Thefts

This could help the Jags avoid suing FanDuel and DraftKings directly.
podcast thumbnail mobile
Front Office Sports Today

‘EA Sports College Football 25’: It’s More Than a Game


Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.
July 14, 2024

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’

WBD at a Crossroads: NBA Rights Decision Could Determine Its Future

Financial analysts argue for a large-scale overhaul of the TNT Sports parent company.
July 18, 2024

Just Days to Go: NBA Media-Rights Ball Officially in TNT’s Court

TNT officially has the NBA media deals on its desk.
July 18, 2024

WNBA Appears Set to Extend Season to 44 Games in 2025

The Chicago Sky told season-ticket holders they ‘expect approval’ for change.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 18, 2024

NBA’s New Money Has Josh Hart Ready to ‘Play Until My Knees Fall Off’

Hart and Jalen Brunson recently appeared on ‘Front Office Sports Today.’
July 17, 2024

What the WNBA’s Windfall Could Mean for Player Salaries

The WNBA could hit its first million-dollar annual salary as soon as 2026.
July 17, 2024

A ‘Seismic Shift’ for Women’s Sports: WNBA Lands $2.2 Billion Rights Deal

ESPN, Amazon, and NBC will pay the WNBA $200 million annually.
July 17, 2024

WNBA Strikes It Rich With $2 Billion In Media-Rights Deals

The WNBA’s boom came at a perfect time.