Disney Reports Significant Q3 Earnings Growth Driven by Theme Parks and Streaming Surges
Disney's Q3 earnings soar to $5.26 billion, fueled by theme parks and new streaming subscribers.
Key Points
- • Disney's Q3 earnings reached $5.26 billion, a significant increase from last year.
- • Streaming services added 2.6 million subscribers, totaling 183 million.
- • The direct-to-consumer segment turned a profit of $346 million, rebounding from a loss last year.
- • Disney anticipates adding over 10 million subscribers in Q4, mainly from Hulu.
The Walt Disney Company announced a robust financial performance for its third fiscal quarter of 2025, reporting earnings of $5.26 billion, or $2.92 per share. This marks a substantial increase compared to $2.62 billion, or $1.43 per share, for the same period last year. Analysts had anticipated adjusted earnings of $1.46 per share, and Disney surpassed these expectations with an adjusted figure of $1.61.
Despite the strong earnings, Disney's total revenue amounted to $23.65 billion, just shy of Wall Street's prediction of $23.68 billion. The company cited the ongoing recovery and success of its U.S. theme parks as a major contributor to the earnings boost, alongside significant growth in streaming services, with Disney+ and Hulu adding 2.6 million subscribers in the quarter. This brings total subscriptions for these platforms to 183 million.
Notably, the direct-to-consumer segment achieved an operating profit of $346 million, a dramatic shift from a loss of $19 million the previous year. Disney's CEO, Bob Iger, and CFO, Hugh Johnston, expressed optimism regarding future growth, projecting over 10 million new subscribers for Q4, primarily stemming from Hulu due to an expanded agreement with Charter. Disney+ is also expected to see a mild boost in subscriptions, rising to approximately 128 million from 126 million in the last quarter.