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Entertainment conglomerate Disney (NYSE: DIS) reported higher Q1 fiscal 2025 earnings with a 5% increase to $24.7 billion as well as a 44% rise in adjusted EPS to $1.76 a share. Higher subscription price of its streaming service also helped pad earnings.
“Our results this quarter demonstrate Disney’s creative and financial strength as we advanced the strategic initiatives set in motion over the past two years,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company.
Segment operating income grew 31% to $5.1 billion driven by gains in entertainment and sports.
“In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024,” added Iger.
Meanwhile, Disney’s direct-to-consumer segment, which includes Disney+ and Hulu, posted its first quarterly profits with operating income rising to $293 million versus a $128 million loss a year earlier. Higher subscription prices offset a slight decline in the number of subscribers.
The Experiences segment faced hurricane-related challenges but remained steady while the launch of Disney Cruise Lines incurred a one-time expense of $200 million.
Disney stock slipped $2 a share to trade at $110 a share. The stock was trading at the same level a year ago.
