itstargetnews
Walt Disney Company CEO Bob Iger attends a game between the Philadelphia Eagles and Green Bay Packers at Lambeau Field on November 10, 2025 in Green Bay, Wisconsin.
Michael Reeves | Getty Images Sports | Getty Images
Disney shares edged higher in premarket trading Tuesday morning as investors focused on who will succeed Chief Executive Bob Iger.
Shares of the media giant were up a modest 0.14% as of 7:05 a.m. ET. Shares fell 7% on Monday after the company reported pre-market quarterly revenue of more than $10 billion for its experiences segment, which includes theme parks, resorts and cruise ships.
The company’s total revenue was about $26 billion, up 5% year over year and beating Wall Street expectations of $25.7 billion.
CEO change is a “suspense” for stocks
Disney’s board of directors will meet this week and is expected to vote on the next CEO, according to insiders who spoke on condition of anonymity.
This will be the second time the company has named Iger’s successor. His first term as CEO ended in 2020. Disney selects Bob Chapek for top job. But Chapek was fired at the end of 2022, prompting Iger to return.
“The impending leadership transition remains an overhang for the stock price, but reports suggest a solution is imminent,” Jefferies analysts said in a note on Monday.
In a note on Monday, Bank of America analysts also said a successor “is an overhang on the stock price recently.”
Iger said on Monday’s earnings call that Chapek’s appointment “was a mistake in trying to preserve the status quo,” adding that there were “a lot of issues that needed to be addressed” when he returned to the role.
He added that his successor would be “well-served, I think, in terms of the strength of the company, the vast opportunities for growth and the expectation that in a world that’s constantly changing, you also have to continue to change and evolve.”
Industry and Disney sources previously told CNBC that Disney Experience Chairman Josh D’Amaro is one of the top candidates to succeed Iger. Disney Entertainment Co-Chairman Dana Walden is also another controversial name.
Analysts at Bank of America said D’Amaro’s appointment would be “well received by the investment community” given the value of the experience unit to the company’s bottom line.
