May 9th, 2025
Create an account or log in to unlock unlimited access!
Disney made good money and had high sales from April to June. This happened because their theme parks in the US were very popular, and more than a million new people started using their online TV service.
The company said it expected to make more money this year, and its shares went up 11% on Wednesday.
Disney also said they will build a seventh theme park in Abu Dhabi.
In the first three months of the year, Disney made $3.28 billion. This is $1.81 for each share. The year before, the company lost $20 million. This is one cent for each share.
If we don't include costs or gains that happened only one time, the company made $1.45 for each share. This was more than the $1.18 that experts expected, according to a study.
The company made 7% more money than before. The total amount was $23.62 billion. This was more than they thought it would be.
Money from Disney's movies and online shows went up by 9%, and money from its parks went up by 6%.
Some popular new movies are “Moana 2” and “Mufasa: The Lion King.” Their newest film, “Thunderbolts,” is number one at the cinema right now. The leaders of the company, Bob Iger and Hugh Johnston, said they believe the movies coming out this year will do well. These movies include “Lilo & Stitch,” “The Fantastic Four: First Steps,” and “Avatar: Fire and Ash.”
But Disney might have problems because of the trade war started by President Donald Trump.
Right now, Disney's streaming service is getting bigger. Their online business, like Disney+ and Hulu, made $336 million profit this quarter. This is a lot more than the $47 million they made at the same time last year. They earned 8% more money.
More people are paying for Disney+ in the U.S. and Canada. The number of paid users went up by 2% there. In other countries, not including Disney+ HotStar, the number of paid users went up by 1%.
More people paid for Disney+ this quarter. There were 126 million subscribers, which was a little more than the 124.6 million last quarter. This was surprising because the company thought fewer people would subscribe.
Disney+ and Hulu had 180.7 million people who pay to watch. This is 2.5 million more than they had in the first three months of the year.
Mike Proulx from Forrester said that Disney did better than they thought they would. He said they made more money because they have good movies and shows. He also said their online video service is making more money. He thinks Disney might make movies and shows in other countries. This could be because they want to be more like Netflix, which has many popular shows from around the world.
Disney gets two good things from successful movies: they make money in cinemas and are then used for their streaming service.
"Moana 2" has been watched a lot on Disney+ since it started on March 12. People have watched it for more than 139 million hours. This makes it the most popular cartoon movie premiere from Disney on the platform since "Encanto." The first "Moana" movie is still the most popular movie on Disney+, with people watching it for more than 1.4 billion hours.
The part of Disney with parks and cruises made more money, about 2.5 billion dollars. The parks in the US made more money, but the parks in other countries made less, especially in Shanghai and Hong Kong.
Disney is good at managing all parts of its business. They are also looking for a new leader to replace Iger, who has been the main person at Disney for about twenty years.
Disney started looking seriously for a new leader last year with the help of James Gorman from Morgan Stanley.
Disney has some time because Iger will stay at the company until the end of 2026.
Disney is looking at people who work for them and people from outside. Many people think the people from inside include Jimmy Pitaro, who is in charge of ESPN, Josh D’Amaro, who is in charge of Disney Parks and Resorts, and Alan Bergman and Dana Walden, who are in charge of Disney Entertainment.
Disney expects to make $5.75 for each share this year. This is more than the $5.43 that experts thought. Before, Disney said they expected their earnings per share to increase a little next year (2025).
May 9th, 2025
US Confidence Rises Again After Concerns About Prices
US and Europe: Big Fight About Trade. What Does the US Want? What Can Europe Do?
Salesforce to Buy Informatica for Around $8 Billion
Companies in Europe Reduce Spending and Investment in China
Walmart: Prices Go Up Because of New Taxes
Starbucks Workers Strike Over New Rules for Clothes
Japan's Economy Gets Smaller: Trade Problems Hurt Sales and Worry People
Asian shares mixed as good news about China-US trade stops
Wall Street Up and Down After Fed Warns of Risks
Trump, Trade Deals, and Confusing Tariffs
Create an account or log in to continue reading and join the Lingo Times community!