Disney hot star
The Disney Walt Company kicked off fiscal 2025 on a strong note, reporting a 5% increase in revenue to $24.7 billion, up from $23.5 billion in Q1FY24. However, its flagship streaming platform, Disney+, saw a slight dip in subscribers, dropping 0.7 million to 125 million.
India Business: Mixed Performance & Reliance JV Impact
Disney’s India operations presented a mixed picture. The company expects its Indian business to contribute $73 million for its entertainment segment operating income in fiscal 2025—down significantly from $254 million in the previous year. Disney India is set to generate $9 million in operating income on the sports front, a remarkable turnaround from the $636 million loss recorded in FY24.
Following Disney’s joint venture with Reliance Industries, the company reported an equity loss of $33 million in Q1, primarily due to purchase accounting adjustments. For the full year, it anticipates an equity loss of around $300 million for similar reasons.
Streaming & Advertising Revenue Trends
Disney’s Direct-to-Consumer (DTC) segment saw a 2% decline in advertising revenue, largely due to Disney+ Hotstar in India. Without Hotstar, DTC ad revenue was up 16% compared to Q1FY24. The Disney+ Hotstar service contributed $15 million in ad revenue this quarter, a steep drop from $165 million in the same period last year.
CEO Bob Iger’s Take: Strength Across Segments
Disney CEO Bob Iger** emphasized the company’s creative and financial momentum, highlighting key wins:
✔ Box Office Dominance – Disney had the top three movies of 2024.
✔ Streaming Profitability – The company improved the profitability of its Entertainment DTC business
✔ ESPN’s Digital Push – A dedicated ESPN tile was added to Disney+, advancing its streaming sports strategy.
✔ Experiences Growth – Disney’s theme parks & experiences segment continued to thrive with strategic global investments.
Our results this quarter demonstrate Disney’s creative and financial strength as we advance the strategic initiatives WWE has been pursuing over the past two “Through strong revenue growth and ongoing strategic shifts, Disney remains focused on long-term profitability and digital expansion while navigating challenges in the streaming and Indian markets.
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