Disney’s Q3 2025 Earnings Exceed Expectations, Driven by Streaming and Park Performance
Disney’s Q3 2025 Earnings Exceed Expectations, Driven by Streaming and Park Performance
The Walt Disney Company has reported robust results for its fiscal third quarter, surpassing analyst expectations for earnings per share, largely due to significant growth in its streaming division and increased consumer spending at its theme parks. While revenue slightly missed projections, the company’s overall performance signals a strong foundational shift.
CFO Hugh Johnston highlighted the remarkable turnaround of Disney’s streaming unit, particularly Disney+, stating, “It was only a couple of years ago that we were losing a billion dollars a quarter on that business… We now really have a solid foundation.” This streaming success is increasingly offsetting the long-standing declines in Disney’s traditional television business, which has seen customer attrition for years.
For the quarter ended June 28, Disney posted adjusted earnings per share of $1.61 against an expected $1.47. Revenue reached $23.65 billion, just shy of the $23.73 billion forecast. Net income for the quarter more than doubled to $5.26 billion, or $2.92 per share, compared to the same period last year. Despite the positive report, Disney shares saw a 2% decline in premarket trading Wednesday.
Looking ahead, Disney has raised its fiscal 2025 guidance, now anticipating adjusted EPS of $5.85, an 18% increase from fiscal 2024, up from its previous May guidance of $5.75.
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