Disney The profits of the first quarter of the first quarter were published on Wednesday, which beat the bottom and bottom, but revealed the beginnings of the expected subscribers losses in Disney+.
The company's broadcasting work has been informed another quarter of profitability despite a 1 % decrease in Disney subscribers, the leading service of the company. While the local subscriptions of the platform increased by about 1 %, international numbers decreased by about 2 %.
Disney warned during it The fourth quarter financial report in November It is expected a “modest decrease” in the subscriptions during the December period. Disney told investors on Wednesday that she expected another “modest decrease” in subscribers during the second quarter.
Disney+ paid subscriptions are 124.6 million, compared to 125.3 million at the end of the company's fourth quarter. The total Hulu subscriptions increased by 3 % during the period to 53.6 million.
The slowdown in subscribers growth follows Increase in the prices of its services last year. The company said that the average Disney+monthly revenue for each paid subscriber made nearly 4 % to 7.99 dollars due to this high prices.
Here Disney told him The period ended on December 28 Compared to what Wall Street expected, according to Lseg
- Arrow's profits: $ 1.76 rate for $ 1.45 expected
- profit: 24.69 billion dollars for 24.62 billion dollars
Disney's net income increased by about 23 % to $ 2.64 billion, or $ 1.40 per share, from $ 2.15 billion or $ 1.04 per share, during The same quarter of last year. By amending the elements for one time including the restructuring and weakness fees related to the unfinished Hulu assets, Disney has reported a modified profit of $ 1.76 per share.
Revenue increased by 4.8 % to 24.69 billion dollars, compared to $ 23.55 billion in the most important period.
The company witnessed revenue gains in all fields for the entertainment, sports and expertise sectors.
The entertainment department made a 9 % jump in revenue, reaching $ 10.87 billion. The operating income of the unit, which includes direct sales companies, consumers and content, increased by 95 % to $ 1.7 billion during the quarter thanks to high content sales and licensing. The linear continued to withdraw the total results.
However, CEO Bob Egar remained positive on Wednesday with investors when it comes to linear TV, echo Similar comments made in the November profit call.
“They are not a burden at all. They are in fact one of the origins,” Earger said on Wednesday, noting that Disney is programming and financing networks so that they can feed in broadcasting.
While Egger said he would not rule out the possibility of changes to future TV networks, he said he would not be now.
“We are satisfied with the hand that we have and the way we manage both written companies and broadcasts in all fields,” Egger said.
Disney's box office success raised the company's results during the quarter.
The appearance of “Moana 2” during the weekend on Thanksgiving Day helped pay the box office to New heights. The animation continued continuing strong At the box office during the new year, it reaches one billion dollars during the weekend Martin Luther King JR. The company noticed on Wednesday that its sales/content license and other operating revenues got a batch of “Moana 2.”
Generally, Disney Take control The box office in 2024, with the help of other films such as “Deadpool & Wolverine” from Marvel and Pixar's “Inside Out 2.”
The company said it expects two numbers in the operating income of the entertainment sector in the fiscal year 2025, with an increase in direct income to the consumer about $ 875 million.
Gardens positive
In its experiments, which include parks, cruises, resorts, as well as consumer products, revenues increased by 3 % during the quarter to 9.42 billion dollars.
Local park revenues constituted 68 % of the total section, or 6.43 billion dollars. While these revenues were 2 % improvement throughout the same quarter of last year, the Milton and Helen mixture, along with declines in attendance and investments in the fleet of trips in Disney, which weighing on local operating income.
The experimental department recorded a 5 % decrease in the local operating income of local parks for a quarter, reaching $ 1.98 billion.
Disney expects that the expertise sector will see the growth of operating income ranges between 6 % and 8 % in the fiscal year 2025.
The recreational gardens in the United States recently witnessed a slowdown in traffic after the boom after attending.
Disney Director Hugh Johnston said on Wednesday at CNBC's, “Squawk boxThe experimental sector was better than expected for the financial quarter.
“In fact, the consumer is a little stronger than what we expected,” Johnston said on Wednesday. “I think what we see is that consumers focus on very value, provide value to them, and they are ready to pay for it.”
Disney Gardens recently Turn Standard revenues and profit, even as the company raises prices for its destinations. The company is in the midst of 10 years, 60 billion dollars investment In the part.
Sports scene
In sport, Disney Espn recorded a growth in revenue by 8 % year on an annual basis, reaching $ 4.81 billion, and the operation that increased by 15 % from the previous year period to 228 million dollars.
The company expects the operating income for its total sports sector, which includes ESPN as well as Star India, grows 13 % in the fiscal year 2025.
Disney said on Wednesday that her sports sector, which is working in the second quarter of Mali, will be “affected negatively” by about 100 million dollars related to the transfer of three football matches from the first quarter to the second quarter in addition to an additional match.
Disney networks are broadcast in the fall of this year the total football schedule at the Southeast of the Conference College.
Executive officials in Disney indicated a Suspension On Wednesday. Help the football season in the last college Lift Disney ads revenue last season.
Meanwhile, Disney also said that the unit operating income instructions include approximately $ 50 million linked to its exit from the joint Venu Sports project. Disney and its subscribed partners, Discovery Warner Bruce and FoxThey canceled their efforts to move forward with Venu, who was supposed to be a flowing application that includes all live sports from its parent companies.
The change in the strategy came after the legal headache that stopped the launch of Venu last fall.
the Rise Among the slim beams-paid traditional TV distributors shows that focused on sports and news networks-as well as contributing. Egger said in a call on Wednesday with investors that Vino “seemed mainly extravagant to us,” besides the delicate packages.
As a result of Vino's stop, Fox announced on Tuesday You will move forward with her broadcast service after years of staying largely on the sidelines of the consumer direct broadcast game. FOX executive officials also indicated that Skinny's packages will benefit its wallets from networks.
Disney is looking into different ways to develop broadcast options, from integrating its applications into Disney+ to exploring different options for ESPN, such as Venu.
The company's executive officials said on Wednesday that the company is also planning to launch the direct broadcasting application of ESPN, which is a priority.
“It is clear that we are tending to develop what is now called” the pioneer “, which is mainly with multiple elements, Molital,” Egger said on Wednesday.
Disclosure: Comcast, who owns CNBC Parent Nbcunivesal, is the owner of the co -co -owner of Hulu.
