迪士尼第三季税前利润同比增长4% 流媒体成增长新动能

Core Insights - Disney reported Q3 FY2025 revenue of $23.7 billion, a 2% year-over-year increase, meeting expectations [2] - The company achieved a pre-tax profit of $3.2 billion, up 4% year-over-year, with adjusted earnings per share rising to $1.61, surpassing market predictions of $1.46 [2] - Disney's CEO and CFO emphasized the company's strong market position amid a changing industry landscape [2] Revenue Breakdown - The Disney Experience segment, which includes theme parks, resorts, and cruises, saw revenue increase by 8% to $6.4 billion [2] - The Entertainment segment, encompassing traditional TV, streaming, and movies, reported a 1% revenue increase to $10.7 billion [2] Streaming Performance - Despite challenges in traditional TV, Disney's streaming business is gaining momentum, with Disney+ adding 1.8 million subscribers in the last quarter, bringing the total to nearly 128 million [2] - Hulu's subscriber count grew by 1%, nearing 55.5 million [2] - Disney raised its adjusted earnings per share forecast for FY2025 to $5.85 and projected streaming profitability (including Disney+, Hulu, and ESPN+) to reach $1.3 billion, up from a previous estimate of $1 billion [2] Box Office Success - Disney's "Lilo & Stitch" surpassed $1 billion in global box office, marking it as Hollywood's first film to achieve this milestone [3] - In the past 13 months, four films, including "Moana 2" and "Inside Out 2," have crossed the $1 billion mark [3] Market Reaction - Despite strong performance in certain segments, traditional TV and sports revenue fell short of expectations, leading to a pre-market stock price drop of over 2% [3] - As of the report, Disney's stock was priced at $116 per share, with a market capitalization of $208.4 billion [3]