Thu Feb 06 08:10:00 UTC 2025: ## Disney Reports Mixed Q1 Results: Revenue Up, but Disney+ Subscribers Dip
**Los Angeles, CA –** The Walt Disney Company announced its first-quarter fiscal year 2025 earnings today, reporting a 5% increase in revenue to $24.7 billion, driven by strong box office performance. However, the company also revealed a slight decline in Disney+ subscribers, down 0.7 million to 125 million.
While overall revenue saw positive growth, the Direct-to-Consumer (DTC) segment showed mixed results. Excluding the impact of the Disney+ Hotstar service in India, DTC advertising revenue increased by 16%. However, Disney+ Hotstar’s advertising revenue plummeted from $165 million in Q1FY24 to approximately $15 million in Q1FY25, contributing to a 2% overall decline in DTC advertising revenue.
Disney’s India operations experienced significant changes following a joint venture with Reliance Industries. The company expects an equity loss of approximately $300 million for the full fiscal year, primarily due to purchase accounting, with a $33 million loss reported in Q1. Despite this, Disney projects a significant improvement in India’s operating income contributions to its entertainment and sports segments in FY25 compared to the previous year.
CEO Robert Iger highlighted the company’s “creative and financial strength,” citing strong studio performance, improved DTC streaming profitability, and the strategic addition of an ESPN tile to Disney+. He also emphasized the continued success of Disney’s Experiences segment. Despite the subscriber dip in Disney+, Iger presented a positive outlook, emphasizing the progress made on key strategic initiatives.
First Piper 