Disney’s streaming business reported a significant jump in operating profit during the first three months of 2025, with Disney+ unexpectedly adding 1.4 million subscribers in the quarter. Despite economic uncertainties, CEO Bob Iger expressed optimism about the company’s fiscal 2025 outlook.\n\nFor the quarter ended March 29, Disney reported $23.62 billion in revenue, representing a 7% increase. The company posted a net income of $3.28 billion compared to a net loss of $20 million in the same period last year. Adjusted earnings per share rose by 20% to $1.41, surpassing Wall Street expectations.\n\nDisney anticipates adjusted earnings per share of $5.75 for fiscal year 2025, marking a 16% year-over-year increase. The company forecasts cash provided by operations of $17 billion, up $2 billion from prior guidance due to a deferral of tax payment. Additionally, Disney expects double-digit increases in operating income for its entertainment and sports segments, along with 6%-8% growth in its theme park and consumer products business.\n\nThe subscriber growth on Disney+ was attributed to a strong content lineup, including the addition of blockbuster “Moana 2” and “Mufasa: The Lion King,” as well as the debut of the original series “Daredevil: Born Again,” which garnered 7.5 million views in its first five days. Hulu also saw an increase of 1.1 million subscribers, reaching 54.7 million in the quarter.\n— new from Variety
