Disney Q2 2025 revenue shows growth in streaming and parks

Walt Disney Co.

The company's revenue was $23.6 billion, up 7% from the same period last year and operating income was $4.4 billion, up 15% from the same period last year.

Each department: entertainment, sports and experience, all surpassed expectations, and streaming drove the special growth of the entertainment department.

Disney's entertainment division revenue was $10.7 billion, up 9% in the previous year and operating revenue was $1.3 billion, up 61% from last year. Direct-to-consumer operating revenue soared to $336 million, up from $47 million in the same quarter a year ago.

In fact, after losing 700,000 Disney+ subscribers in the last quarter, the company added 1.4 million subscribers in its latest quarter, bringing its Disney+ subscribers to 126 million. The ARPU has also been increased to $7.77. Hulu's SVOD product adds 1.3 million subscribers, which may help Disney+ integration

In the experience sector, revenue grew 6% to $8.9 billion, while operating income rose 9% to $2.5 billion. The growth is attributed to American Parks, Disney Vacation Club and Disney Parade Line, and the international parks are declining annually.

In sports, revenue grew 5% to $4.5 billion, and operating income fell 12% to $687 million. The decline was due to three additional college football playoffs and one additional NFL game in the quarter, which added costs, and costs increased ad enhancements.

While some other companies are drawing guidance, Disney continues to bring expectations for investors, forecasting moderate growth in the third quarter for Disney+ subscribers and double-digit growth in entertainment and sports this year, although it acknowledges the macroeconomic and uncertainty at the current moment.

Disney's most ambitious and important drama films will also be released in the second half of the year, including Marvel's films Fantastic 4,Next avatar Movie.

"Our outstanding performance - adjusted EPS is 20% driven by the previous year's entertainment and experience business, which highlights the success of our ongoing success built on growth and execution in strategic priorities," Disney CEO Bob Iger said in a statement. "After the outstanding first half of the fiscal year, we still have a lot to look forward to, including our upcoming Drama Slate, the launch of ESPN's new DTC product, and the number of unprecedented expansion projects underway in the experience. Overall, we remain optimistic about the direction of the company and the remaining outlook for Fiscal's year.