May 9th, 2025
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Disney made good money and sold a lot in the second three months of the year. This was because their parks in America did very well, and more than a million people started using their streaming service.
The company said it will earn more money this year. This made their shares go up 11% on Wednesday.
Disney also said they will build a seventh theme park in Abu Dhabi.
From January to March, Disney made $3.28 billion. This is $1.81 for each share. Last year at the same time, the company in Burbank, California, lost $20 million. This is one cent for each share.
The company earned $1.45 for each share. This number does not include special costs or extra money. This was more than the $1.18 that experts thought it would be.
The company made 7% more money, so they earned $23.62 billion. This was more than they expected.
Disney's movie and TV business made 9% more money, and their parks made 6% more money.
Some recent popular movies are “Moana 2” and “Mufasa: The Lion King.” Their newest movie, “Thunderbolts,” is number one now. The boss, Bob Iger, and the money boss, Hugh Johnston, said they think the movies coming out this year will do well. These movies include “Lilo & Stitch,” “The Fantastic Four: First Steps,” and “Avatar: Fire and Ash.”
However, Disney might have problems because of the trade war started by President Donald Trump.
Now, Disney's streaming business is still getting bigger. This part of the company, with Disney+ and Hulu, made $336 million profit this quarter. Last year, they made $47 million. Sales went up by 8%.
More people are paying for Disney+ in the US and Canada. The number of paid users went up by 2%. In other countries, more people are also paying for it, but not including Disney+ HotStar. The number of paid users went up by 1% there.
More people paid for Disney+ this quarter. The number went up by 1% to 126 million people. This was a surprise because the company thought the number of users would go down.
Disney+ and Hulu had 180.7 million people paying for their services. This is 2.5 million more than in the first three months of the year.
Mike Proulx said Disney had a good time recently because they had good shows and movies. Their online TV service is also making more money. He also said Disney might spend money on shows and movies from other countries. This could be to compete with Netflix, which has many shows from around the world.
Disney makes money in two ways from its successful movies, because they can also be watched on its streaming service.
"Moana 2" was watched a lot on Disney+ after it came out on March 12. People watched it for over 139 million hours. This means it was the most watched new movie from Walt Disney Animation Studios on Disney+, just like "Encanto" was. The first "Moana" movie is still the most watched movie on Disney+. People have watched it for over 1.4 billion hours.
The part of the company that includes Disney's parks and ships saw its operating income increase by 9% to $2.5 billion. Operating income went up by 13% in the parks in the US. However, operating income fell by 23% for international parks and other experiences, mainly because the parks in Shanghai and Hong Kong were not performing well.
Disney is good at managing its different businesses. They are also looking for a new person to lead the company after Iger leaves. Iger has been the main leader at Disney for many years.
Disney started looking for a new leader in 2023. But they started looking seriously last year when James Gorman from Morgan Stanley began to help them.
Disney has time because Iger will stay at the company until the end of 2026.
Disney is looking at people from inside the company and people from outside. Many people think the people from inside could be Jimmy Pitaro, who is in charge of ESPN, Josh D’Amaro, who is in charge of Disney Parks and Resorts, Alan Bergman, who helps lead Disney Entertainment, and Dana Walden, who also helps lead Disney Entertainment.
Disney thinks it will earn about $5.75 for each share this year. This is more than the $5.43 that experts expected.
May 9th, 2025
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