Disney’s entertainment streaming business delivered its second straight profitable quarter, driven by strong box office performance from its studios, including the hit film “Moana 2.” The company reported revenue of $6.07 billion and operating income of $293 million, exceeding analyst expectations.
The flagship Disney+ service lost a net 700,000 customers worldwide, but Hulu gained 1.6 million subscribers after price increases went into effect in October. Overall, Disney’s first fiscal quarter revenue rose 9% to $24.69 billion, with total segment operating income increasing by 31% to $5.1 billion.
CEO Bob Iger attributed the strong performance to “outstanding box-office performance from our studios” and the company’s strategic initiatives over the past two years. Disney is forecasting high-single digit adjusted earnings per share growth for full-year fiscal year 2025 and expects sports segment operating income to be “adversely impacted” due to various factors.
The company’s Experiences division revenue increased 3% to $9.4 billion, while International Parks & Experiences operating income jumped 28%. However, Disney Cruise Line will incur pre-opening expenses of approximately $40 million in the March quarter.
In other news, Disney+ globally closed out last year with 124.6 million subscribers and is forecasting a “modest decline” in total subscribers compared to the previous fiscal Q1. The company’s complete buyout of Comcast’s one-third stake in Hulu is still pending, but it has announced plans to combine its streaming operations with Fubo’s services.
Source: https://variety.com/2025/tv/news/disney-plus-subscribers-earnings-moana-2-streaming-profit-1236297514