Disney Streaming and Parks Shine in Fourth Quarter, but some TV Networks, Movies Weaker
Disney+ and Hulu subscriptions grew by 12.4 million to 195.7 million, while theme parks operating income rose 13%, offsetting declines in networks and film revenues.
- Last month, The Walt Disney Co. reported mixed fourth-quarter results with $22.46 billion revenue, below the $22.86 billion estimate, and earned $1.31 billion, or 73 cents per share.
- Direct-to-Consumer operating income rose to $132 million, and the Disney Experiences division's operating income climbed 13% to $1.88 billion, Disney said.
- Subscriber totals surged to 195.7 million at quarter end, with Disney+ paid subscribers reaching 132 million, up from 128 million last quarter.
- Investors reacted as Disney said it will stop reporting paid-subscriber metrics for Disney+ and Hulu starting fiscal 2026's first quarter, and the stock fell 5% before the market open on Thursday.
- Distribution disputes and programming moves left Disney content dark on YouTube TV last month and drove Disney+ and Hulu cancellations after ABC briefly pulled Jimmy Kimmel Live!.
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Disney streaming and parks shine in fourth quarter, but some TV networks, movies weaker
Disney’s fiscal fourth-quarter performance was mixed, as a weak performance from its television networks and some films was buffered by strength in its streaming business and theme parks.
Disney's performance in the fourth quarter was mixed, as a weaker performance of its television networks and some films were offset by the strength of its streaming business and theme parks.
The Walt Disney Company Reports Fourth Quarter and Full Year Earnings ...
Disney+ and Hulu near 196m subs
Disney’s Entertainment direct-to-consumer business delivered another strong quarter, with Q4 operating income up 39% year on year and full-year streaming profit reaching $1.3 billion – $1.2 billion higher than the previous year and $300 million ahead of the company’s earlier guidance. Only three years ago, Disney’s DTC operations were posting a $4 billion operating loss. Total Disney+ and Hulu subscriptions climbed to 195.7 million at the end o…
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