🎬 Disney brings the magic to life. Q2 2025 results surprised with strength across segments!

The Walt Disney Company $DIS reported very solid resultsin its second fiscal quarter 2025. Despite a turbulent media market and high costs in the sports segment, the company was able to accelerate growth across all major divisions.

📊 Key numbers (y/y comparisons):
Revenue: USD 23.6 billion (+7%)

EBITDA (pre-tax): USD 3.1 billion (4x growth)

Operating profit: USD 4.4 billion (+15%)

EPS: USD 1.81 (loss last year)

Adjusted EPS: $1.45 (+20%)

Free cash flow: USD 4.9 billion (more than 2 times growth)

Buyback: $1 billion (from FY25 target of $3 billion)

🎥 Entertainment and stream:
USD 1.3bn operating profit

Disney+ and Hulu: 180.7m subscribers +2.5m q/q, including +1.4m for Disney+

The streaming segment contributed substantially to profit growth, confirming that consolidating market position and quality monetization is the way to go.

🏰 Experiences (parks, cruises, consumer goods):
Operating profit: USD 2.5 billion (+200 million y/y)

Domestic Parks: +13%

Products: +14%

➡️ Company benefits from higher consumer activity and growth in average spend per visitor.

📺 Sports (ESPN):
Profit down $91 million. (ESPN): $91.91 due to NFL playoff and college football costs

Still 5% revenue growth due to strong advertising

ESPN's new direct streaming product aims to restructure sports content distribution

🌍 Strategic expansion and lots of news:
The company announced the opening of a new theme park in Abu Dhabiin partnership with Miral Group. This is the first park in the Middle East.

Disney Cruise Line New ships and experiences.

Announcement of very exciting projects, positive response to return to traditional Marvel (new Thunderbolts*, Avengers: Doomsday...), also many interesting projects from the Star Warsworld (Andor, The Mandalorian...) and many more.

🗣️ CEO Bob Iger: "This is an excellent quarter and, more importantly, proof that our strategic priorities are translating into tangible results."

Disney returns to growth after restructuring and a down period. Strong cash flow, streaming profitability and a growing parks division provide a sound foundation for a new phase of expansion. Despite challenges in the television segment, the Disney maintains its position as the dominant player at the intersection of media, experiences and technology.

What is your opinion of Disney?