Disney (DIS) earnings Q4 2025

Disney Reported fiscal fourth quarter Profits On Thursday, it beat analysts’ earnings expectations but missed on the company’s revenue entertainment Business was affected by television networks and a lackluster theatrical film slate.

Disney stock fell more than 4% in pre-market trading.

Here’s what Disney does I mentioned For the period ending September 27, compared to what Wall Street expected, according to LSEG:

• EPS: $1.11 was revised versus $1.05 expected
• profit: $22.46 billion compared to $22.75 billion expected

Net income for the quarter was $1.44 billion, or 73 cents per share, more than double the $564 million, or 25 cents per share, that Disney reported in the same period last year. Adjusting for one-time items Disney reported earnings per share of $1.11.

The company’s total revenues for this quarter amounted to about $22.5 billion, slightly less than the same quarter last year.

Disney also said it plans to increase its dividend and double its stock buyback plan for fiscal 2026.

“Overall, we leave the year with a lot of momentum,” Disney CFO Hugh Johnston told CNBC.Squawk box“Thursday regarding the company’s broadcasting and testing business.

Disney TV networks, including ESPN, were not available to customers GoogleYouTube TV, a streaming provider of pay TV packages since October 31 due to ongoing Transportation dispute Between the two companies.

Johnston told “Squawk Box” on Thursday that Disney was still in the midst of negotiations with YouTube TV, but the company was prepared for what it expected to be a “tough fight,” and Disney was “ready to move forward as long as they wanted to.”

Advertising revenues for the networks, which include broadcast network ABC and pay-TV channels such as FX, have also suffered. Part of this is due to a decrease in political advertising, or a $40 million impact compared to the same quarter last year, Disney said. The company also noted that the 2024 joint venture deal for India Hotstar impacted its linear network results.

Streaming remained the bright spot in the business as consumers continued to move away from the pay TV package. Operating income for linear networks fell 21% to $391 million while it rose 39% to $352 million for streaming. The rise in streaming operating income occurred as prices for Disney’s streaming services increased.

Disney’s streaming growth has also been a result of more options for its services. Earlier this year Transfer deal with Charter Communications It has been expanded, giving customers of the cable TV provider access To ad-supported Hulu. Initially, Charter’s pay-TV customers were only receiving Disney+.

While nearly half of the increase in streaming subscribers can be attributed to the charter carriage deal, Johnston said “the other half was from retail,” with a significant portion of that coming from international markets. Disney, like its peers in the media Warner Bros. Discovery and Netflixhas seen most of its recent streaming growth come from global customers.

The company in August as well Fired ESPN’s direct-to-consumer app, which mirrors all of the network’s TV content, ESPN+, and other add-ons. The app is also available to Charter pay TV subscribers.

Disney stopped reporting subscriber metrics for ESPN+, and did not provide guidance on the newly launched app of the same name as the TV network. Johnston said Thursday that ESPN’s availability via live streaming has helped stem customer losses and also boosted engagement with ESPN.

However, Johnston pointed to Disney’s packages as a driver for the ESPN app and streaming in general.

“One of the things I think we’re most excited about is that 80% of the new retail subscriptions on ESPN are actually bundled subscriptions, which again, should contribute to engagement, should contribute to retention, and frankly makes the service more valuable over time,” Johnston told Squawk Box.

Streaming service Disney+ added 3.8 million paid subscribers, bringing its total to 131.6 million, while Hulu had 64.1 million customers. Disney was in the process of integrating Hulu, which it took Complete control Earlier this year – in the Disney+ app.

This is the last time the company will report Subscriber numbers and average revenue per unit, or ARPU, for streaming services, which include Disney+ and Hulu.

Instead, Disney will follow in the footsteps of streaming giant Netflix, which earlier this year stopped updating investors on its subscriber count.

Revenues for Disney’s sports division, namely ESPN, rose 3% to nearly $4 billion, while operating income remained flat at $898 million compared to the same period last year. ESPN’s domestic operating income in particular declined due to costs associated with He releases of the application in August, as well as higher programming costs.

Disney attributed the growth in its cruise business to its gains, although it was offset by higher fleet expansion costs. Disney will fleet Expand Again later this month.

Johnston noted that cruises are selling at the same rate as before, even though the fleet is larger. “So this additional capacity is filling up quickly,” he added.