New York, January 31, 2026, 06:01 EST — Market closed
- Disney shares gained 1.1% on Friday and edged up further in after-hours trading following a report that CEO Bob Iger intends to step down before his contract expires.
- Next week, the board is set to convene for a vote on a successor, thrusting succession back into the spotlight for investors.
- Disney will release its fiscal first-quarter results on Feb. 2, kicking off a week loaded with key catalysts.
Walt Disney shares closed Friday up 1.1% at $112.80, following reports that CEO Bob Iger has informed colleagues he intends to step down before his contract runs out. After-hours trading saw the stock tick slightly higher to $112.99. (Yahoo Finance)
This report hits at a critical moment: Disney’s CEO succession saga is back in play, shaking up trading as investors want more consistent results from streaming, sports, and parks. Several media outlets say the board plans to meet next week to decide on a new CEO. (TheWrap)
Monday brings another catalyst as Disney gears up to report fiscal first-quarter results ahead of the opening bell on Feb. 2. The company will also hold a webcast at 8:30 a.m. ET. (Thewaltdisneycompany)
Iger’s contract extends until Dec. 31, 2026, though Reuters, referencing the Wall Street Journal, noted his departure timing “was not final and could change.” Disney declined to comment to Reuters. (Reuters)
Potential internal candidates for the top spot are parks chief Josh D’Amaro, entertainment co-heads Dana Walden and Alan Bergman, and ESPN head Jimmy Pitaro, according to Reuters. (Reuters)
Disney chairman James Gorman told Variety the board “currently expect[s] to announce the appointment of the Company’s next CEO in early 2026,” according to Disney’s proxy statement. (Variety Australia)
Investors heading into Monday will zero in on two key points: any new updates on the CEO search, and whether earnings guidance shifts the outlook on streaming losses, ad revenue, and theme-park traffic. Succession news can jolt the stock, but it’s the financials and forecasts that typically seal the deal.
Friday saw heavy trading, with roughly 17.2 million Disney shares exchanging hands, based on stock price data. (StockAnalysis)
The stock rose for two consecutive sessions heading into the weekend, finishing at $111.58 on Thursday and edging up to $112.80 on Friday, per historical pricing data. (Investing)
But the situation cuts both ways. Leadership changes can pull senior teams off course, and a weak forecast — particularly if it signals trouble in legacy TV or rising content costs — might drown out any boost from clearer succession plans.
