Disney Stock Rises as Streaming Profit, Experiences Revenue Grows

Shares of The Walt Disney Company (DIS) rose in premarket trading Thursday as revenue and adjusted profit topped analysts’ estimates.

The entertainment giant reported $22.57 billion in revenue, up from $21.24 billion last year and narrowly above the $22.50 billion analysts expected, according to Visible Alpha. Disney posted net income of $460 million, or 25 cents per share, well below estimates of $1.74 billion, or $0.96 per share.

After accounting for about $1.5 billion in one-time charges like restructuring costs, Disney’s adjusted earnings per share (EPS) came in at $1.14, just above estimates of $1.11.

Streaming Business Posts Profit of $253 Million

Disney’s streaming business—comprised of Disney+, Hulu, and ESPN+— recorded an operating profit of $253 million after posting a combined profit for the first time last quarter. Chief Executive Officer (CEO) Bob Iger said last quarter that Disney expects the services to “grow nicely in fiscal 2025.”

Revenue in Disney’s Experiences segment, which includes its theme parks and cruise ships, was $8.24 billion, up slightly from $8.16 billion last year as slower discretionary spending from consumers has impacted the division in recent quarters.

Disney’s succession planning has also returned to focus after the company said last month that it plans to announce Iger’s replacement in early 2026. The Wall Street Journal reported Tuesday that the company is reviewing internal candidates along with a number of outside contenders for the job, including Andrew Wilson, CEO of Electronic Arts (EA).

Disney shares, which had been up about 14% on the year through Wednesday’s close, rose as much as 6% to $108.98 following the earnings report, still well off their 2024 peak of $123.74 set on March 28.