Disney shares are flat as CEO succession takes spotlight
Walt Disney Company CEO Bob Iger looks on before the game between the Philadelphia Eagles and Green Bay Packers at Lambeau Field on November 10, 2025 in Green Bay, Wisconsin.
Michael Reaves | Getty Images Sports | Getty Images
Disney shares rose in premarket trading Tuesday morning as investors focused on who will replace CEO Bob Iger.
Shares of the media giant increased by 0.14% as of 07:05 GMT. It fell 7% on Monday after its experiences division, which includes theme parks, resorts and cruises, reported before the bell that quarterly revenue exceeded $10 billion.
The company’s total revenue rose 5% year over year to nearly $26 billion, beating Wall Street expectations of $25.7 billion.
CEO transition is a ‘bump’ on shares
Disney’s board is meeting this week and is expected to vote on the next CEO, according to people familiar with the matter who spoke on condition of anonymity to discuss internal matters.
This will be the second time the company has appointed Iger’s successor. His first tenure as CEO ended in 2020. Disney chose Bob Chapek for the top position. However, Chapek was fired in late 2022, prompting Iger to return.
“The impending leadership transition remains a drag on shares, but reports suggest a resolution is near,” Jefferies analysts said in a note published Monday.
In a note published Monday, BofA analysts also said the takeover was a “recent bump in the stock.”
Iger said on Monday’s earnings call that “it was a mistake to try to maintain the status quo” with Chapek’s appointment, adding that there is “a huge amount of money that needs to be fixed” when he returns to office.
His successor “I think will be handed a good hand in terms of the strength of the company, a range of growth opportunities, and also the expectation that in a changing world you have to continue to change and evolve.” he added.
Disney Experiences President Josh D’Amaro is among the top choices to replace Iger, industry insiders and Disney sources previously told CNBC. Dana Walden, Disney’s co-chairman of Entertainment, is another controversial name.
BofA analysts said D’Amaro’s appointment “will be well received by the investment community” given the value of his experience portion to the company’s earnings.
