Disney He announced a fiscal earnings on Wednesday in the first quarter that won the upper and lower lines, but revealed the beginnings of expected losses of subscribers to Disney+.
The company’s flow company reported on another quarter of profitability despite the fall of the Disney+subscriber, the company’s leading service. Although domestic subscriptions for the platform increased about 1%, international numbers decreased about 2%.
Disney warned during his Fiscal report in the fourth quarter in November that he expected a “modest fall” subscription during December. Disney told investors on Wednesday that he was expecting another “modest fall in” subscriber during the second quarter.
The total paid Disney+ subscription is 124.6 million, compared to 125.3 million at the end of the fiscal fourth quarter of the company. Total Hula subscriptions increased by 3% over 53.6 million period.
Slowing the growth growth follows Increasing the prices of your services last year. The average monthly revenue of Disney+by paid subscriber increased approximately $ 4% to $ 7.99 due to these price increases, the company said.
Here’s what Disney reported to period ended on December 28 compared to what Wall Street expected, according to LSEG
- Earnings per share: $ 1,76 adjusted to $ 1.45
- Income: 24.69 billion USD compared to $ 24.62 billion
Disney’s net income increased by almost 23% to $ 2.64 billion, or $ 1.40 per share, with $ 2.15 billion or $ 1.04 per share, The same quarter last year. Adjusting disposable items, including restructuring costs and damage associated with the intangible assets of Hulu, Disney reported on a custom earning of $ 1.76 per share.
The revenue increased by 4.8% to $ 24.69 billion compared to $ 23.55 billion in the annual period.
The company has recorded income profits for its segments of entertainment, sports and experiences.
His fun division had a jump of 9% of revenue, reaching $ 10.87 billion. Operational revenues for a unit, which includes their companies with direct, linear and content, increased by $ 95% to $ 1.7 billion during a quarter thanks to higher content sales and licensing. Linear continued to retreat to the overall results.
Still, executive director Bob Iger remained positive on Wednesday with investors when it comes to linear TV job, echo Similar comments addressed to November at the invitation of earnings.
“They are not a burden at all. They are actually assets,” Iger said on Wednesday, noting that Disney programmed and funded the nets so they could be scared in electricity.
Although Iger said he would not exclude the possibility of changes in TV networks in the future, he said it would not be now.
“We actually feel good in the hand we have and the way we manage both linear and streaming companies throughout the side,” Iger said.
Disney’s success in the cash register helped raise the company’s results during the quarter.
DEBI “MANA 2” During the weekend for Thanksgiving, he helped push the cashier New heights. Animated sequel still went strong At the box office through the New Year, surpassing $ 1 billion during the weekend Martin Luther King Jr. On Wednesday, the company noticed that the sale/licensing of the content and other operational revenues had been encouraged by “Moana 2.”
All in all, Disney dominated Box Office 2024, with the help of other movies like Marvel’s “Deadpool & Wolverine” and Pixar’s “Inside Out 2.”
The company said it was expecting a double -digit operational revenue growth for a fun segment in the fiscal 2025, with an increase in operating revenue from a direct consumer of about $ 875 million.
Positive in parks
Business on its experiences, which includes parks, cruise and resorts, as well as consumer products, revenue increased by 3% during the quarter at $ 9.42 billion.
Domestic revenues of the thematic park made up 68% of the total number of divisions or $ 6.43 billion. Although this revenue marked an improvement of 2% compared to the same quarter last year, a combination of hurricane Milton and Helena, along with the falls in the presence and investment in the Disney Fleet of Cruise, weighed on a domestic operational revenue.
The experience of experiences recorded a 5% drop in revenue from a domestic thematic park for a quarter, to $ 1.98 billion.
Disney expects the segment of his experience to see the growth of operating revenue between 6% and 8% in the fiscal 2025.
Themed parks in the US have recently experienced slowdown on their feet after the rise after settlement.
Disney Cfo Hugh Johnston said on Wednesday at CNBC “Box“That the segment of experience was achieved better than expected for a fiscal quarter.
“In fact, the consumer is a little stronger than we would expect,” Johnston said on Wednesday. “I think what we see is that consumers are only very focused, and you deliver the value to them, they are ready to pay the price for it.”
Disney parks recently turned Record income and profit, even if the company has increased the prices of its destinations. The company is in the middle of 10-year-old, $ 60 billion investment in the segment.
Sports scene
In sports, Disney’s ESPN reported an 8% increase in revenue compared to the year, reaching $ 4.81 billion, and an operating revenue that was an increase of 15% compared to the previous year to $ 228 million.
The company expects operational revenues for its entire sports segment, which houses ESPN, as well as Star India, an increase of 13% in a fiscal 2025.
Disney said on Wednesday that his sports segment, which operates for a fiscal second quarter, “negatively affect” for around $ 100 million related to the transfer of three playoffs at college football from the first quarter to the second fourth period.
This fall, Disney’s network broadcasts the entire college football schedule at the Southeast Conference Conference.
Disney Emiter, ABC, was an average of 5.8 million spectators for 46 football games for regular seasons, which was an increase of 56% compared to one year, Disney’s UA managers noticed comment edition on Wednesday. The recent football college season helped lift Disney’s revenue from advertising last season.
In the meantime, Disney also said that the units of the unit of operational revenue of the unit include approximately $ 50 million related to their exit from the vein of sports joint investment. Disney and his partners in shared investment, Discovery Warner Bros. and FoxThey refused their efforts to move forward with the vein, which was supposed to be the currents that included all sports sports from their home companies.
Changing the strategy followed after the legal headache that stopped the vein launch last fall.
IN rise Skinny packets-trading offerings of a Distributor Distributor Distributor focused on sports and news are also a contributing factor. On Wednesday, Iger told the investor call that the vein “basically looked superfluous,” next to the Skinny Bundle offer.
As a result of stopping Venu, Fox posted on Tuesday He would move forward with his own streaming service after remains a large extent for years to the side of a direct flow to the consumer. Fox executives also noticed that lean bundles would benefit from their portfolio network.
Disney studied different ways to increase its current capacity, from the merging of its applications to Disney+ to exploring different options for ESPN, such as Venu.
The company also plans to launch its own direct consumer’s current application for ESPN this fall, which is a priority, the company managers said on Wednesday.
“We are obviously leaning in the development of what is called a” leading boat “today, which is basically ESPN with more, mulitel elements on it,” Iger said on Wednesday, noting a sports betting and the consumer’s ability to adjust platforms to their preferences.
Discovering: Comcast, possessed by the parents of CNBC NBCUNIVERSAL, the co -owner is Hulu.
