The Walt Disney Company (NYSE: DIS) right now reported earnings for its first fiscal quarter, which ended December 28, 2024. Overall, revenues elevated 5% for Q1 to $24.7 billion from $23.5 billion in Q1 fiscal 2024, with main chunks coming from elevated revenues in Entertainment ($10.87B, +9%) and Experiences ($9.4B, +3%)
Entertainment phase working revenue elevated $0.8 billion to $1.7 billion. The firms studios, which embody Walt Disney Animation Studios and Pixar Animation Studios in addition to Marvel and Lucasfilm, got here up with $312 million in revenue, a pendulum swing from final 12 months’s $244M Q1 loss.
Direct-to-Consumer (e.g. streaming) was additionally up, with working revenue elevated to $293 million (+$431M) regardless of a slight advert income decline (-2%). Subscriptions for Disney+ and Hulu general elevated 0.9 million over This fall 2024 to 178 million complete (125M for Disney+, down 0.7M from This fall). Content Sales/Licensing and Other working revenue elevated $536 million to $312 million, pushed by the efficiency of Moana 2.
Experiences reported working revenue of $3.1 billion, similar to Q1 fiscal 2024, reflecting a 6 percentage-point opposed impression to year-over-year progress attributable to Hurricanes Milton and Helene (~$120 million impression) and pre-opening bills (~$75 million impression in Q1 fiscal 2025) pushed by the launch of the most recent Disney Cruise Line ship, Disney Treasure.
Domestic Parks & Experiences working revenue declined 5%, reflecting a 9 percentage-point opposed impression to year-over-year progress as a result of hurricanes and cruise pre-opening bills. International Parks & Experiences working revenue elevated 28% vs. Q1 fiscal 2024.
“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,” stated CEO Bob Iger in a press release. “In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN’s digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth.”
[Source: The Walt Disney Company]
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