Overview

• The content division recorded a $21 million loss in Q3 2025, reversing from a $254 million profit a year earlier amid higher film cost impairments and weaker box office returns.
• Entertainment division revenue declined 15 percent year-over-year, driven by underperforming theatrical releases including Elio and Thunderbolts*, compared with stronger results in the same period last year.
• Disney’s streaming services delivered a $346 million profit in the quarter, underscoring the unit’s growing importance to overall company performance.
• Linear network revenue fell 15 percent to $2.27 billion and operating income dropped 28 percent, reflecting the impact of the Star India sale and lower domestic advertising sales.
• Bob Iger outlined a balanced slate of future releases—anchored by sequels and remakes such as Zootopia 2 and Avatar: Fire and Ash—while reaffirming the studio’s commitment to developing new original properties.