The Walt Disney Company reported first-quarter earnings for fiscal 2025, with revenues increasing 5% to $24.7 billion, up from $23.5 billion in the same quarter of the previous year. Income before taxes rose 27%, reaching $3.7 billion, and diluted earnings per share (EPS) increased 35% to $1.40. Segment operating income grew 31%, totaling $5.1 billion, while adjusted EPS rose 44% to $1.76.

In the entertainment segment, operating income increased by $0.8 billion to $1.7 billion. Direct-to-Consumer operating income rose by $431 million to $293 million, although Direct-to-Consumer advertising revenue declined by 2%. Disney+ and Hulu subscriptions reached 178 million, with Disney+ subscribers decreasing by 0.7 million compared to the previous quarter. The sports segment saw a 15% increase in domestic ESPN advertising revenue. The experiences segment reported operating income of $3.1 billion, with international Parks & Experiences seeing a 28% increase in operating income, though domestic parks faced challenges from hurricanes and pre-opening expenses.