From CNBC: 2025-02-05 12:59:49

Disney reported first-quarter results that exceeded expectations, with revenue increasing by 5% to $24.69 billion and adjusted EPS jumping 44% to $1.76. The stock initially dropped but ended higher as CEO Bob Iger and CFO Hugh Johnston shared an optimistic outlook. Disney’s successful cost-cutting and profit growth in streaming contributed to its strong performance. Disney’s experiences business, including theme parks and cruises, also saw better-than-expected revenues and profits. The company’s new cruise ship, the Disney Treasure, had a successful maiden voyage in December. Disney’s sports business, mainly ESPN, delivered better-than-expected revenue and profit. The upcoming launch of Flagship, a direct-to-consumer ESPN offering, is expected to enhance the streaming service with betting and fantasy sports components. Disney’s guidance for fiscal 2025 remains unchanged, with expected growth in key metrics and a focus on expanding its cruise business.



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