Entertainment giant The Walt Disney Co.’s (DIS) CEO Bob Iger’s total compensation for Fiscal 2024 ballooned by 30%, according to a proxy statement filed with the SEC (Securities and Exchange Commission). Iger’s base salary was $1 million, while he earned $18.3 million in stock awards, $12 million in option awards, $7.2 million in bonuses, and $2.1 million in other benefits. Disney is also on the path to selecting a suitable successor for Iger in 2026 as Iger’s contract expires on December 31, 2026.
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Further Details of Iger’s Pay
In 2024, Iger took home a total of $41.1 million in salary and bonuses, much higher than the $31.6 million he received in 2023. His bonus pay was tied to Disney’s performance in the year. Some of his achievements include hitting the global box office numbers with two of the year’s highest-grossing movies. “Inside Out 2” and “Deadpool & Wolverine”, both made record box office numbers last year.
Iger is also determined to improve the performance of Disney’s theme parks, cruises, and resorts experience over the next decade and committed to spending $60 billion on the same. To gain traction in this direction, Disney announced four executive appointments in the Experience Segment. Four new roles were created for Presidents of Major Events Integration, Disney Signature Experiences, Shanghai Disney Resort, and Disneyland Resort.
TipRanks’ Bulls Say, Bears Say Tool
While Iger’s compensation is being discussed, Disney is set to report its Q1 FY25 results on February 5, before the markets open. The company’s financial performance will be in focus as it will prove Iger’s worth as the CEO of the company.
According to TipRanks data, Disney is expected to post adjusted earnings per share (EPS) of $1.46 on revenues of $24.70 billion. In the prior-year quarter, Disney reported adjusted EPS of 1.22 on revenues of $23.55 billion.
According to TipRanks’ Bulls Say, Bears Say tool, bullish analysts are excited about the box office results of Moana 2 and Mufasa: The Lion King, the expectation of a 6% CAGR (compound annual growth rate) in the Experiences division, and the road to profitability of the streaming segment.
On the other hand, bears are concerned about persistent headwinds to Disney’s advertising revenue, declining Linear TV business, and weak operating income of the Experiences segment.
Is Disney a Good Stock to Buy Now?
Analysts seem encouraged by the impact of Iger’s leadership on Disney’s performance. On TipRanks, DIS stock has a Strong Buy consensus rating based on 17 Buys and five Hold ratings. Also, the average Walt Disney price target of $126.84 implies 14.2% upside potential from current levels. In the past year, DIS shares have gained 19.8%.
