While the results were slightly above the expected, it rises in the streaming service caused the subscribers to fall.
Walt Disney He informed fiscal results of the first quarter that overcame analysts’ estimates. The profits rose au $ s, 76 per share, and exceeded the average of US $1,42 of the estimates. Income in the period ended on December 28 increased 5% AU $ S24.7 billion, slightly above the projections.
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“In generalthis quarter has proven to be a good start for the fiscal year and we continue to trust our continuous growth strategy“said Executive Director Bob Iger in the statement.


During the period, Disney increased the price of Disney+ and Hulu transmission services to in 25%. That contributed to profits of US $ 293 million in the period, compared to a loss of the previous year, along with a fall in the subscribers of Disney+ to 124.6 million accounts.
Looking towards the future, Disney predicted a “one -digit high” growth in the profits adjusted by action in fiscal year 2025 compared to the previous year and An increase of approximately US $ 875 million in operational revenues in the streaming entertainment unit.
The company said it would incur US $ 150 million in costs associated with the departure of its joint venu sports with Warner Bros Discovery and Fox. The media companies left their plans for a sports streaming service in January, after facing considerable legal opposition.
Operational income in the Disney entertainment unit, which includes cinema, television and streaming, increased AU S1.7 billion in the quarter, almost twice the results of the previous year, thanks in part to the solid performance of “Moana 2”.
The animated sequel exceeded $ 1 billion in box office revenues during the weekend of Martin Luther King Jr. in January, becoming The fourth Walt Disney animation film to reach that financial milestone.
Disney’s traditional television business continued to erode. Operational income in the so -called linear networks fell 11% au $ 1.1 billion.
Subscribers of the company’s main streaming video service, Disney+, decreased by 1% compared to the quarter before 124.6 million. The company had warned of a modest drop in subscribers due to a price increase that entered into force in October. He also predicted a moderate decrease in Disney+ subscribers in the second quarter, compared to the first.
Source: Ambito