Key Facts
• August 6, 2025: Disney announced Q3 results, surpassing market expectations.
• Adjusted Q3 earnings per share rose 16% YoY to $1.61, beating $1.47 forecast.
• Full-year adjusted EPS outlook increased to $5.85 from $5.75.
• Disney+ and Hulu subscribers grew by 2.6 million to 183 million in Q3.
• Theme park operating income rose 13% to $2.5 billion, with U.S. parks up 22%.
• Sports segment operating income increased 29% to $1 billion.
• Television segment operating income fell 15% to $1 billion.
• ESPN agreed to acquire NFL media assets in exchange for a 10% NFL stake.
• CEO Bob Iger highlighted plans for ESPN app launch and Hulu-Disney+ integration.
Summary
Disney reported strong Q3 2025 results, with profits exceeding expectations due to robust performance in its streaming and theme park businesses. Adjusted earnings per share rose 16% year-over-year to $1.61, surpassing the $1.47 forecast. The company raised its full-year EPS outlook to $5.85. Disney+ and Hulu added 2.6 million subscribers, reaching 183 million, with a projection of 10 million more by year-end. Theme park income grew 13% to $2.5 billion, driven by increased visitor spending, while sports segment income surged 29% to $1 billion. However, television operations struggled, with a 15% decline in income to $1 billion. ESPN secured a deal with the NFL, acquiring media assets in exchange for a 10% stake. CEO Bob Iger emphasized ambitious plans, including the ESPN app launch and Hulu’s integration into Disney+, aiming to enhance Disney’s streaming offerings.
