Walt Disney Co. reported fiscal first-quarter results that exceeded analysts' expectations, driven by the success of the animated film "Moana 2" and increased profitability in its streaming services. The blockbuster sequel contributed significantly to Disney's entertainment division, with content sales and licensing revenue jumping 34% to $2.2 billion. The film has grossed over $1 billion globally, bolstering the company's financial performance. Additionally, Disney's streaming segment, which includes Disney+ and Hulu, posted its second consecutive profitable quarter, with operating income of $293 million on $6.07 billion in revenue, despite a net loss of 700,000 Disney+ subscribers.
Disney's overall revenue for the quarter rose 5% year-over-year to $24.69 billion, while total segment operating income increased by 31% to $5.1 billion. The company's adjusted earnings per share climbed 44% to $1.76, surpassing Wall Street's forecast of $1.43. CEO Bob Iger highlighted the company's creative and financial strength, noting the strategic initiatives that have been implemented over the past two years. The company also reiterated its full-year fiscal 2025 guidance, expecting high-single-digit adjusted EPS growth and approximately $15 billion in cash from operations.
As of February 5th, Disney's stock is trading at $114.02, reflecting a modest increase of 0.64% from its previous close of $113.30.