Walt Disney Co. announced on Wednesday that its revenue for the third quarter of fiscal 2025 increased by 2% year-on-year to $23.65 billion, slightly less than expected. Income before income taxes was up by 4%, landing at $3.2 billion, while the diluted earnings per share (EPS) jumped 104% from the third quarter in 2024 to $2.92. Compared to the previous quarter, Disney+ and Hulu subscriptions added 2.6 million, reaching 183 million, with the company expecting to grow subscribers by over 10 million in the fourth quarter.
Disney saw its entertainment revenue rise by 1% on a yearly basis to $1 billion, sports revenue fell by 5% to $4.3 billion, and parks increased by 8%, totalling $9 billion. "We are pleased with our creative success and financial performance in Q3 as we continue to execute across our strategic priorities," CEO Bob Iger said.
Disney's shares dropped 2.37% in premarket trade.
