Overview
- Disney added roughly 12–12.5 million subscribers in the quarter, reaching about 196 million across Disney+ and Hulu, as Direct-to-Consumer revenue rose 8% to $6.2 billion and streaming operating profit increased 39% to $352 million.
- Management said it will stop publishing detailed streaming subscriber numbers after the next quarterly report.
- Companywide revenue held at $22.5 billion year over year, while operating income declined about 5% to $3.5 billion.
- Traditional TV weakened further, with linear revenue down 16% to $2.1 billion and operating income down 21% to $391 million.
- Parks and Experiences remained a growth engine with revenue up 6% to $8.8 billion and operating income up 13% to about $1.9 billion, as Disney raised its annual dividend to $1.50 per share and doubled buybacks to $7 billion.