Wed Feb 05 11:40:00 UTC 2025: ## Disney Beats Earnings Expectations Despite Disney+ Subscriber Dip
**Orlando, FL –** Disney reported strong first-quarter fiscal 2025 earnings Wednesday, exceeding Wall Street expectations despite a slight decline in Disney+ subscribers. Net income surged nearly 23% to $2.64 billion, while revenue climbed 4.8% to $24.69 billion. The company attributed the strong performance to gains across its entertainment, sports, and experiences segments.
While Disney+ saw a 1% overall subscriber decrease (1% domestic increase offset by a 2% international decline), reaching 124.6 million subscribers, the company reported a 4% increase in average monthly revenue per subscriber due to price hikes. Disney anticipates another modest subscriber dip in the second quarter.
Disney’s entertainment division experienced a significant 9% revenue jump to $10.87 billion, boosted by higher content sales and licensing. The experiences division, encompassing theme parks and resorts, saw a 3% revenue increase to $9.42 billion, although domestic theme park operating income declined by 5% due to factors including hurricanes and reduced attendance. ESPN also performed well, reporting 8% revenue growth and a 15% increase in operating income.
Looking ahead, Disney projects double-digit operating income growth for its entertainment segment in fiscal 2025, 6-8% growth for its experiences segment, and 13% growth for its sports segment. These projections account for a $50 million impact from abandoning the Venu Sports streaming joint venture due to legal challenges. Following the Venu cancellation, Fox announced plans to launch its own streaming service.
First Piper 