智通财经APP获悉，迪士尼(DIS.US)公布了截至 6 月 28 日的第三财季业绩。Q3营收同比增长2.1%，达 到 236.5亿美元，市场预期为237.3亿美元，自 2024 年 5 月以来首次未达分析师预期。 不计入某些项 目，调整后每股盈利达到 1.61 美元，同比增长16%，超过了分析师平均预测的 1.46 美元。 然而，传统电视网络和体育节目的收入未能达到华尔街的预期，这抵消了该公司主题公园和流媒体业务 的出色表现。 迪士尼体验业务(包括主题公园、度假村、游轮以及消费产品)的收入增长了8%，达到90.9亿美元。国内 主题公园收入增长了10%，达到64亿美元。 与此同时，迪士尼娱乐部门(包括传统电视网络、直接面向消费者的流媒体和电影)的收入增长 1%，达 到 107 亿美元。虽然直接面向消费者的流媒体业务收入增长 6% 至 61.8 亿美元，但整个娱乐领域却受 到传统电视业务的拖累，传统电视业务收入下降 15% 至 22.7 亿美元。 而在利润方面，主题公园部门的利润在本季度增长了 13%，达到 25.2 亿美元。流媒体业务实现了 3.46 亿美元的季度盈利，而传统娱乐电视业务的利润下降了 28%， ...

Core Viewpoint - Disney's acquisition of Hulu for an additional $438.7 million marks a significant shift in the global streaming landscape, allowing Disney to gain full control over Hulu and enhance its competitive position in the streaming market [1][6]. Group 1: Acquisition Details - Disney announced the agreement to pay $438.7 million to Comcast's NBCUniversal to complete the acquisition of Hulu, with the transaction expected to close by July 24 [1]. - The acquisition process began in 2019 when Disney and Comcast reached a preliminary agreement regarding Hulu's minimum guaranteed value, which was set at $27.5 billion [2]. - Disney's initial payment of $8.6 billion for a 33% stake in Hulu reflected the platform's valuation, but disputes over valuation arose during the assessment process, leading to a prolonged negotiation [2]. Group 2: Strategic Implications - Disney's CEO Bob Iger expressed confidence that full control of Hulu would facilitate deeper integration with Disney's streaming services, including Disney+ and ESPN, enhancing competitive strength [3]. - The acquisition is expected to optimize resource allocation and create synergies across content, technology, and operations, solidifying Disney's position in the streaming sector [3]. Group 3: User Metrics - As of March 29, Hulu had over 50 million subscribers, contributing to Disney's total streaming subscriber base of 180.7 million, with Disney+ alone accounting for 126 million subscribers [4]. - Hulu's subscriber growth of 1.3 million in the first quarter, representing a 3% increase, further underscores the platform's strong market presence [4]. Group 4: Financial Impact - Disney will record the $438.7 million payment in its net income attributable to non-controlling interests, which will directly reduce its net income for the third fiscal quarter [5]. - Comcast views Hulu as a successful venture that generated nearly $10 billion in revenue, although it is shifting focus to its own streaming service, Peacock [5]. Group 5: Industry Impact - The acquisition is poised to reshape the global streaming industry, potentially prompting strategic adjustments from competitors and intensifying market competition [6][7]. - Disney's move may serve as a model for future mergers and acquisitions in the streaming sector, driving the industry towards greater consolidation and scale [6][7].