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3d ago

Disney Exceeds Expectations with Streaming Growth and U.S. Parks Success

The entertainment giant raises profit outlook for fiscal 2025, supported by a turnaround in streaming and robust domestic park performance.

FILE - People visit the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., April 18, 2022. (AP Photo/Ted Shaffrey, File)
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid
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Overview

  • Disney reported a 7% revenue increase to $23.6 billion in Q2 FY25, with adjusted earnings per share of $1.45, surpassing analyst expectations.
  • Disney+ added 1.4 million subscribers, reaching 126 million, while Hulu gained 1.1 million subscribers, driving streaming operating income to $336 million, up from $47 million a year ago.
  • The Experiences division, including U.S. theme parks and cruise lines, saw operating income rise 9% to $2.5 billion, though international parks faced challenges due to lower attendance in China.
  • Disney raised its full-year adjusted EPS forecast to $5.75, a 16% increase from the prior year, signaling confidence in its financial trajectory.
  • The company announced plans for a new Abu Dhabi theme park and resort in partnership with Miral, marking its first major expansion into the Middle East.