Disney+ Subscribers Reach 120 Million, Inside Out 2, Deadpool Earnings

Disney ended its 2024 fiscal year with 122.7 million Disney+ Core paid subscribers, an incrrelieve of 4.4 million subs over the September quarter three month period — better than foreseeed.

In alerting fiscal Q4 2024 results that beat Wall Street foresees, Disney’s overall streaming business stood out as profitability incrrelieved with operating income at $321 million, contrastd with loss of $387 million in the year-ago period. That came after the Moengage Hoengage’s straightforward-to-devourr biz posted its first operating profit (of $47 million) the prior quarter.

Disney saw its box office results soar during the quarter ended Sept. 30 as summer blockbusters Pixar’s “Inside Out 2” and Marvel’s “Deadpool & Wolverine” drove $316 million in operating income for its satisfyed sales and licensing segment.

Disney’s overall delightment division revenue, which includes its licsurrender nettoils appreciate ABC, streaming business, and satisfyed sales and licensing, was up 14% year over year to $10.8 billion (vs. $9.5 billion). Sales in the sports division (primarily made up of ESPN and ESPN+) were flat at $3.9 billion. Experiences revenue, which includes theme parks, video games and devourr products, ticked up 1% to $8.2 billion.

Licsurrender nettoils revenue dipped 6% ($2.5 billion), down 5% in the U.S. on decrease affiliate revenue and ad sales and descending 12% internationpartner. Streaming revenue was up 15% ($5.8 billion) and streaming ad sales rose 14% for the September period. Content sales and licensing rose 39% ($2.6 billion) on Disney’s amazeive box office results.

Disney+ subscribers in the U.S. and Canada incrrelieved 2% from the previous quarter to 56.0 million and international customers, excluding Disney+ Hotstar, were up 5% to 66.7 million. Disney+ Hotstar subscribers rose 1% to 35.9 million. Hulu subscribers accomplished 52 million (4.6 million Live TV + streaming customers and 47.4 million streaming only).

Disney alerted $22.6 billion in validateated revenue for fiscal Q4, up 6% on the top line, and net income of $460 million (versus $264 million in the year-earlier period). That transtardyd to adfaired getings per split of $1.14. Wall Street had foresee EPS of $1.10 on $22.48 billion in revenue, according to analyst consensus data supplyd by LSEG. Disney’s free cash flow was $4 billion for the quarter.

In its Thursday getings results, Disney supplyd financial guidance on EPS for not only its fiscal 2025, but also 2026 and 2027, noting the company is “brave in the lengthy-term prospects for the business and think we are well positioned for lengthenth.” However, Disney said it is foreseeing a “unpretentious deteriorate” in Disney+ Core subs next quarter, which is when it will see the impact from its October 2024 price hike.

“This was a pivotal and accomplished year for The Walt Disney Company, and thanks to the meaningful carry on we’ve made, we have aelevated from a period of ponderable disputes and interfereion well positioned for lengthenth and selectimistic about our future,” CEO Bob Iger said in a statement.

In fiscal Q4, “we saw one of the best quarters in the history of our film studio, betterd profitability in our streaming businesses, a record-fractureing 60 Emmy Awards for the company, the carry ond power of inhabit sports, and the unveiling of an amazeive accumulateion of novel projects coming to our Experiences segment,” the CEO inserted. “As a result of our strategies and our caccess on managing our businesses for both the csurrender- and lengthy-term, we are contrastentiating ourselves from traditional competitors, leveraging the proset upest and wideest set of delightment assets in the industry to drive enticeive returns and further carry on our goals.”