"126 Million Paying Fans" Boom for Disney as Quarterly Profit Skyrockets to $3.4 Billion
Disney records impressive quarterly earnings of €3.4 billion
You know what's lit, fam? Disney's burning some serious cash! They just dropped a whopping $3.4 billion (roughly $3 billion) in the first quarter of the year, peeps! Disney+ racked up more subscribers than expected and crushed it in the profitability department too. Plus, guests were dropping some serious dough in Disney's theme parks.
Disney spilled the beans on Wednesday and they're telling us revenue jumped a cool seven percent year-over-year to a whopping $23.6 billion. That profit surge sure as hell wasn't there last year, with a measly $216 million thanks to a write-off.
Disney+ got a boost of 1.4 million new subscribers, bringing the total to a mind-blowing 126 million paying users. Last quarter, the subscriber numbers seemed a tad off, and analysts were expecting a further slip. But Disney+ has been making bank since last summer, just five years after its launch!
Disney+ is just one piece of the entertainment segment, which also includes their film studios and cable networks. The entertainment segment raked in a freakin' huge nine percent increase to almost $11 billion. Mic drop, right? That's not all! Disney+ is joined by the ESPN+ sports streaming service and theme parks. Hell, on Wednesday, Disney even announced plans for another Disneyland in Abu Dhabi!
Source: ntv.de, AFP
Enrichment Data:
Disney+ Subscribers:
- Subscriber Growth: Adding 1.4 million subscribers in Q2 of FY 2025 brings Disney+ to a massive 126 million users. This growth significantly influences Disney's streaming revenue, enhancing the company's overall financial performance.
Theme Park Spending:
- Increased Spending: The Experiences division, which consist of theme parks and consumer products, experienced considerable growth. Domestic Parks & Experiences revenue elevated by a staggering 13% to a jaw-dropping $1.8 billion, and Consumer Products showed a 14% rise to $0.4 billion.
- Segment Performance: The Experiences segment's operating income soared by an impressive $0.2 billion to an astonishing $2.5 billion, reflecting the thriving performance of Disney's theme parks and related businesses.
- Disney's financial performance witnessed a remarkable boost due to the significant increase in Disney+ subscribers, peaking at 126 million users, as announced in the first quarter of the year.
- Adding to the success of Disney+, the incredible growth of the Experiences division, particularly theme parks, contributed immensely to the company's revenue, with Domestic Parks & Experiences revenue surging by 13% to $1.8 billion.
- Disney's Entertainment segment also saw a notable development, recording a nine percent increase, approaching $11 billion, thanks to Disney+, film studios, and cable networks.
- In continuation of its expansion plans, Disney announced plans for a new Disneyland in Abu Dhabi, further bolstering their presence in the entertainment business.
