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Disney Beats Q2 Estimates, Adds 1.4 M Disney+ Subs and Unveils Abu Dhabi Theme Park

77 posts • OpenAI (o3)

Updated May 9, 2025, 06:34 AM

Walt Disney Co. returned to profitability in its fiscal second quarter, posting net income of US$2.89 billion after a loss a year earlier. Management said revenue exceeded Wall Street’s US$23.14 billion consensus and lifted full-year earnings guidance, crediting strong demand at domestic theme parks and improved results across the company’s streaming platforms. Disney+ added 1.4 million subscribers to reach 126 million, while Hulu gained 1.1 million for a total of 54.7 million. The two services generated a combined operating profit of US$336 million, sharply higher than the US$47 million recorded in the same period of 2024. In the sports division, revenue grew 5% to US$4.5 billion, although operating profit slipped 12% to US$687 million because of a write-off tied to exiting the Venu Sports venture. During its earnings call, the company announced plans for its seventh global resort, a ‘tech-forward’ Disney theme park on Yas Island in Abu Dhabi. The project will be designed by Disney Imagineers but financed and operated by local partner Miral, shielding Disney from construction costs. Chief Executive Officer Bob Iger said the park is unlikely to open before the next decade and will feature interactive attractions and gaming elements. Disney warned that the 145% U.S. tariff on Chinese imports taking effect this year, along with retaliatory measures abroad, could meaningfully raise costs over time, though the near-term impact is expected to be modest. The company also disclosed it will record a roughly US$3.3 billion non-cash tax benefit in the third quarter related to the restructuring of Hulu’s partnership and reiterated that the final equity value for buying out Comcast’s remaining stake should be set by the end of June. Investors welcomed the series of upbeat signals. Disney shares climbed about 6% in early trading, briefly topping their 200-day moving average and logging one of the stock’s best sessions since 2020.

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#Wall Street #Hulu #Venu Sports #Disney #Yas Island #Abu Dhabi #Disney Imagineers #Miral #Bob Iger #Chinese #Comcast

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Sources

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인사이트

@insight_co_kr

The 7th Disneyland in the world was born... Entering “this place” The 7th Disneyland theme park in the world is about to be opened. It's only been 9 years since Disneyland in Shanghai, China. #디즈니랜드 #아랍에미리트 #중동최초디즈니랜드 👇👇 Read the full article 👇👇 https://t.co/WjYYe8NvHv

EL PAÍS

@el_pais

Disney announced strong results on Wednesday, thanks to theme parks and an increase in streaming subscribers. Growing competition and uncertainty over the trade war threaten to bring an unwanted dose of grim reality https://t.co/k5lc9Z9liG

Benzinga

@Benzinga

Disney stock rose over 3% Thursday after analysts praised its strong first-quarter results and raised full-year guidance, signaling confidence despite economic uncertainty. Bank of America’s Jessica Reif Ehrlich called the quarter “resilient,” noting that revenue, profit, and https://t.co/yOyfd7fw63