Walt Disney Company CEO Bob Iger looks on before the game between the Philadelphia Eagles and the Green Bay Packers at Lambeau Field on November 10, 2025 in Green Bay, Wisconsin.
Michael Reeves | Getty Images Sports | Getty Images
Disney shares rose in pre-market trading Tuesday morning as investors focus on who will replace CEO Bob Iger.
Shares of the media giant were up 0.14% as of 7:05 a.m. ET. Its experiences division, which includes theme parks, resorts and cruises, topped $10 billion in quarterly revenue, he said before the call on Monday.
The company’s total revenue was about $26 billion, up 5% year-over-year and beating Wall Street expectations of $25.7 billion.
A CEO change is a “surge” in stocks.
Disney’s board is meeting this week and is expected to vote on its next CEO, according to people familiar with the matter who spoke on condition of anonymity because of internal matters.
This is the second time the company has appointed Iger’s successor. His first tenure as CEO ended in 2020. Disney chose Bob Chapek as the first. But Capek was fired at the end of 2022, prompting Iger’s return.
“The impending leadership transition remains a plus for the stock, but reports suggest a resolution is imminent,” Jefferies analysts said in a note on Monday.
In a note on Monday, BofA analysts also said that Inheritance was “recently overextended to the stock.”
Iger said at Monday’s earnings call that it was “a mistake to try to maintain the status quo” with Chapek’s appointment, adding that when he returned to the role he had “a tremendous amount of money to fix.”
He added that his successor “I think will be well served with the strength of the company, a number of opportunities for growth, and the expectation that in a changing world you have to continue to change and evolve.”
Disney Experience Chairman Josh D’Amaro is one of the top picks to succeed Iger, industry insiders and Disney sources previously told CNBC. Disney Entertainment co-chairman Dana Walden is another name in contention.
BofA analysts said D’Amaro’s appointment would be “well received by the investment community” given the importance of the distribution of expertise to the company’s bottom line.