financetom
Business
financetom
/
Business
/
US parks and streaming propel Disney earnings above forecasts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US parks and streaming propel Disney earnings above forecasts
May 26, 2025 2:38 AM

LOS ANGELES (Reuters) -Walt Disney's ( DIS ) quarterly results topped Wall Street expectations as visitors to its U.S. theme parks increased spending in the first three months of the year and the company saw an unexpected rise in Disney+ streaming customers.

Shares of the company were up 6.4% in premarket trading on Wednesday.

The company is seeking to increase profits from its streaming services as traditional television declines, and to expand its popular theme park and cruise line businesses, all in the midst of a shaky U.S. economy.

"We remain optimistic about the direction of the company and our outlook for the remainder of the fiscal year," Disney ( DIS ) CEO Bob Iger said in a statement. 

The company posted adjusted earnings per share of $1.45 for January through March, ahead of the $1.20 consensus forecast of analysts polled by LSEG.    

Revenue rose 7% to $23.6 billion. Analysts had expected $23.14 billion. Operating income came in at $4.4 billion.

Disney ( DIS ) forecast adjusted earnings per share of $5.75 for fiscal 2025, an increase of 16% from the prior fiscal year.

The company reiterated guidance for 6% to 8% operating income growth in the parks-led Experiences division during the fiscal year, and for double-digit percentage operating income growth during that time in the entertainment unit. 

Disney ( DIS ) said it picked up 1.4 million customers for the Disney+ streaming service during the just-ended quarter. Three months ago, it had warned of a modest decline in Disney+ subscribers following a price increase. 

Hulu added 1.1 million customers during the quarter, and operating income at the streaming division rose to $336 million. A year earlier, operating income stood at $47 million.

The entertainment unit reported total operating income of $1.3 billion, a 61% increase from the prior year.

At the Experiences unit, operating income rose 9% to $2.5 billion. Attendance rose at U.S. parks and guests spent more, Disney ( DIS ) said. The company also saw an increase in cruise ship bookings with the launch of a new vessel, the Disney Treasure.

Disney ( DIS ) stock has fallen 17% this year compared with a 4.7% decline in the S&P 500. The shares have fallen 6.6% since April.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Meta hires four more OpenAI researchers, The Information reports
Meta hires four more OpenAI researchers, The Information reports
Jun 28, 2025
June 28 (Reuters) - Meta Platforms ( META ) is hiring four more OpenAI artificial intelligence researchers, The Information reported on Saturday. The researchers, Shengjia Zhao, Jiahui Yu, Shuchao Bi and Hongyu Ren have each agreed to join, the report said, citing a person familiar with their hiring. ...
Meta hires four more OpenAI researchers, The Information reports
Meta hires four more OpenAI researchers, The Information reports
Jun 28, 2025
(Reuters) -Meta Platforms ( META ) is hiring four more OpenAI artificial intelligence researchers, The Information reported on Saturday. The researchers, Shengjia Zhao, Jiahui Yu, Shuchao Bi and Hongyu Ren have each agreed to join, the report said, citing a person familiar with their hiring. ...
Here's How This AI CEO Just Doubled His Net Worth To $10 Billion—In Just Only 12 Days
Here's How This AI CEO Just Doubled His Net Worth To $10 Billion—In Just Only 12 Days
Jun 28, 2025
Michael Intrator, the CEO of AI startup CoreWeave, has seen his net worth double to a whopping $10 billion in a mere 12 days. This rapid wealth accumulation is unprecedented in the tech industry. What Happened: CoreWeave’s stock has skyrocketed by nearly 300% in the last two months. This followed a rather unimpressive initial public offering (IPO) in March. The stock’s surge has...
Copyright 2023-2026 - www.financetom.com All Rights Reserved