Disney reports $24.69B revenue on Moana 2 success

Walt Disney reported a strong first fiscal quarter of 2025, outperforming Wall Street's expectations with revenues of $24.69 billion, a 5% increase year-on-year, driven primarily by the box office success of the animated sequel 'Moana 2', which surpassed $1 billion in ticket sales. Operating income rose 31% to $5.1 billion, largely due to gains in the entertainment sector, despite challenges in traditional television where operating income fell by 11%. The company's streaming services, Disney+ and Hulu, saw a slight decline in subscribers, down 1% to 124.6 million, attributed to recent price hikes, but revenue per subscriber increased. CEO Bob Iger expressed confidence in Disney's growth strategy, citing the strength of new content and international park performances. Overall, Disney confirmed its full-year targets, projecting continued revenue growth despite some fluctuations in its streaming subscriber base. Investors remain optimistic about Disney's diverse portfolio and future earnings potential.