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4d ago

Disney Leverages Streaming Profit and Parks Strength to Exceed Q3 Expectations

Disney’s closure of an NFL equity swap along with its announcement of an August 21 ESPN streaming debut preceded better-than-expected Q3 results that lifted its full-year profit outlook.

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Tourists stroll by the World of Disney store at Disney Springs shopping and entertainment district Tuesday, Aug. 5, 2025, in Lake Buena Vista, Fla. (AP Photo/John Raoux)
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Tourists stroll by the World of Disney store at Disney Springs shopping and entertainment district Tuesday, Aug. 5, 2025, in Lake Buena Vista, Fla. (AP Photo/John Raoux)

Overview

  • Disney reported fiscal Q3 revenue of $23.7 billion, up 2%, and adjusted earnings per share of $1.61, surpassing Wall Street estimates.
  • Streaming revenue grew 6% to $6.2 billion and the segment swung to an operating profit of $346 million, with combined Disney+ and Hulu subscriptions rising to 183 million.
  • The Experiences segment achieved an 8% revenue increase to $9.1 billion and a 13% rise in operating income to $2.5 billion, driven by stronger domestic parks performance.
  • Disney’s Entertainment division posted 1% revenue growth to $10.7 billion but saw operating income decline 15% to $1 billion amid weaker theatrical releases and licensing results.
  • After closing an NFL equity swap granting the league a 10% stake in ESPN, Disney set an August 21 launch for its new ESPN streaming service and raised its full-year adjusted EPS guidance to $5.85.