The Walt Disney Company Reports 7% Revenue Increase to $23.6 Billion for Fiscal Quarter Ended March 29, 2025

The Walt Disney Company reported a significant increase in financial performance for the fiscal quarter ended March 29, 2025, with total revenues reaching $23.6 billion, a 7% increase from $22.1 billion in the same quarter of the previous year. The company's net income attributable to Disney surged to $3.3 billion, compared to a loss of $20 million in the prior-year quarter. This resulted in diluted earnings per share of $1.81, a notable recovery from a loss of $0.01 per share in the previous year. The increase in revenues was primarily driven by higher service revenues, which rose 8% to $21.3 billion, bolstered by growth in subscription and advertising revenues, as well as increased theatrical distribution revenue.

In comparison to the previous fiscal period, Disney's financials showed marked improvement. For the six months ending March 29, 2025, total revenues increased by 6% to $48.3 billion, while net income attributable to Disney rose to $5.8 billion from $1.9 billion in the prior year. The company attributed these gains to higher operating income across its segments, particularly in Entertainment and Experiences, and a non-cash benefit from the resolution of a prior-year tax matter.

Strategically, Disney has made significant moves, including the completion of the Star India joint venture with Reliance Industries Limited, which has shifted the company's reporting structure for its Indian operations. Additionally, Disney announced a definitive agreement to combine certain assets of Hulu Live TV with fuboTV, which is expected to close in the first half of 2026. This transaction will give Disney a 70% interest in fuboTV, enhancing its position in the competitive streaming market.

Operationally, Disney reported a total of 1.8 billion shares of common stock outstanding as of April 30, 2025. The company also noted a 2% increase in attendance at its domestic parks, with a 4% rise in theme park admissions revenue. The Experiences segment generated $8.9 billion in revenue, reflecting a 6% increase year-over-year, driven by higher average per capita spending and increased occupancy rates at hotels. However, the company faced challenges in international markets, particularly due to the impact of the Star India transaction, which affected both revenues and operating income.

Looking ahead, Disney's management expressed optimism about future growth, citing expectations for continued revenue increases driven by its diverse content offerings and strategic partnerships. However, they acknowledged potential risks, including economic conditions, competition, and evolving consumer preferences, which could impact the company's performance. The company remains committed to investing in its content and experiences to drive long-term growth and shareholder value.