Disney beats earnings, grows in streaming and parks

Disney reported stronger-than-expected Q3 earnings, posting a net income jump to $5.26 billion, though revenue slightly missed at $23.65 billion.

The company credited its streaming business, especially Disney+, for the turnaround.

Disney+ added 1.8 million subscribers, helping offset losses in the traditional TV segment, which saw revenue drop 15%. Overall streaming revenue rose 6% to $6.18 billion.

Theme parks also performed well, with domestic park revenue jumping 10% to $6.4 billion, marking Walt Disney World’s biggest Q3 ever.

Disney now expects to earn $5.85 per share in fiscal 2025, up 18% from last year.

Its sports network, ESPN, grew slightly and recently made a deal with the NFL’s television network to gain broad media rights. A new ESPN streaming app launches August 21.

Despite strong results, Disney shares fell 2% in premarket trading.