Disney+ touches 126m subs, iger optimistic about Outlook

The business profit in Disney’s streaming company Sprong for the first three months of 2025, because Disney+ unexpectedly added 1.4 million subscribers in the quarter. Despite collecting economic storm clouds, Chief Bob Iger said that the mouse house remains ‘optimistic’ about the current guidance of the financial year.

In general, the company reported $ 23.62 billion in turnover, an increase of 7%, for the quarter ending on March 29 (Disney’s tax Q2 2025). Disney placed the net income of $ 3.28 billion versus a net loss of $ 20 million in the period from a year ago, which translated into adapted profit per share of $ 1.41 (an increase of 20%). The results – fed by the higher streaming win, domestic theme parks and home video sales of “Moana 2” – at the top of the expectations of Wall Street at the top.

For the tax year 2025, Disney expects an adjusted profit per share of $ 5.75, which has risen by 16% year after year. The Media Conglom predicted cash provided by operations of $ 17 billion (versus $ 14 billion in tax 2024), an increase of $ 2 billion compared to earlier guidelines driven by a deferment of tax payment. Disney also expects double digits in the operating result for its entertainment and sports segments, and a growth of 6% -8% in the business income for its theme park and consumer products BIZ.

Nevertheless, Disney warned when announcing the income: “We continue to follow macro -economic developments on possible effects for our companies and acknowledge that uncertainty remains about the operational environment for the balance of the tax year”, which ends at the end of September 2025.

Iger sounded a cheerful note in prepared comments. “In general, we remain optimistic about the direction of the company and our prospects for the rest of the tax year,” he said.

“Our excellent performance this quarter – with adapted EPS an increase of 20% compared to the previous year driven by our entertainment and experiences companies – underlines our continuous success building for growth and implementation of our strategic priorities,” said Iger. “After an excellent first half of the fiscal year, we have much more to look forward to, including our upcoming theatrical slate, the launch of the new DTC offer from ESPN and an unprecedented number of expansion projects in our segment of the experiences.”

Investors would like to hear extra comments from IGer and other execs about how Disney is expected to be influenced by the aggressive world rates of President Trump – including his vague threat to impose a 100% levy on films produced abroad – and the strategy of the company compared to an economic decline.

For the quarter, Wall Street analysts expected an average of $ 23.14 billion and adapted profit per share of $ 1.20, according to LSEG Data & Analytics.

Disney said earlier on the street that it expected a “modest decline” in total Disney+ subscribers for the quarter of March, and analysts had predicted Disney+ Subs with 1.1 million, according to Street account. Instead, the service won 1.4 million – including 1 million in the US and Canada – to terminate the quarter at 126.0 million. The company attributed the growth of the subscribers of Disney+to a strong content -leil that included the addition of blockbuster “Moana 2” and “Mufasa: The Lion King”, as well as the debut of the original “Daredevil: Born Ree”, which attracted 7.5 million views in the first five days of Release.

The company leads to a “modest increase” in Disney+ Subs for the quarter of June 2025.

In addition, Hulu subs rose with 1.1 million to 54.7 million in the quarter. The total turnover of Disney+ and Hulu increased by 8%, to $ 6.12 billion, partly driven by higher retail prices, and the business income stored more than seven times to $ 336 million.

Disney’s domestic linear TV activities, including ABC, saw sales fall by 3% to $ 2.2 billion, while business income grew by 20% to $ 625 million. The improved profitability was due to lower marketing and programming costs at Disney’s Cable Networks because of “fewer new shows”, as well as reduced technology costs, the company said. The domestic TV advertisement income declined in the quarter due to “lower rates and fewer impressions attributed to a lower average viewers.” The income from the partner for the quarter were flat, with higher rates compensating for a decrease in the subscribers.

At ESPN, sales rose by 5%to $ 4.53 billion, while business income fell by 16%, which the company gave in to costs in connection with the broadcasting of three extra play -off games for college football and an extra NFL game. Moreover, the profitability in the Disney sports segment was hurt by a depreciation of leaving the Venu Sports joint venture. The domestic advertisement of ESPN rose by 29% years after year for the period. Paid subscribers of ESPN+ fell by 800,000 to 24.1 million.

Disney’s content sales/other companies in the entertainment segment swung to an operational profit of $ 153 million (versus a loss of $ 18 million a year ago) because sales rose 54%to $ 2.15 billion. The company said that the income of the theatrical distribution was flat, with the “transfer” performance of “Moana 2” and “Lion King: Mufasa” from the last quarter of 2024 compensated by relatively disappointing results of “Snow White” and “Captain America: Brave New World.” The unit had a higher sale of TV and streaming episodic content and higher income from home entertainment thanks to “Moana 2.”

Turnover increased by 6% to $ 8.89 billion in Disney’s experiences segment, including theme parks, cruises, resorts and consumer products. The total operating result segment rose by 9%, to $ 2.49 billion, with 13% growth in domestic parks and experiences and an increase of 14% for consumer products that compensate for a decrease of 23% in international theme parks.

In the quarter, Disney took a cost of $ 109 million for non -specific ‘content disorders’.

(Shown above: Charlie Cox in Disney+ original series “Daredevil: Born Aine”)