European Investor
13 Nov 2025, 15:26
Disney posts strong FY2025 results with sharp earnings rebound and record performance at Parks
The Walt Disney Company reported fourth-quarter revenue of 22.5 billion dollars, flat year on year, while full-year revenue rose 3 percent to 94.4 billion dollars. Income before taxes more than doubled for both Q4 and the year, reaching 2.0 billion dollars and 12.0 billion dollars respectively. Full-year segment operating income climbed 12 percent to 17.6 billion dollars, and diluted EPS rose to 6.85 dollars from 2.72 dollars last year.
Entertainment saw full-year operating income rise 19 percent, though Q4 declined due to tough theatrical comparisons with last year’s hits Inside Out 2 and Deadpool & Wolverine. Direct-to-Consumer revenue rose 8 percent and the division posted 352 million dollars in Q4 operating income, while Disney+ and Hulu subscriptions reached 196 million combined. Sports delivered stable results, with ESPN advertising up 8 percent. Experiences posted record Q4 and full-year earnings driven by strong domestic and international parks performance.
Disney expects double-digit adjusted EPS growth in fiscal 2026, continued expansion in Entertainment and Experiences, 24 billion dollars in content investment, and 7 billion dollars in share repurchases. A dividend of 1.50 dollars per share will be paid in two installments in 2026.
The Walt Disney Company reported fourth-quarter revenue of 22.5 billion dollars, flat year on year, while full-year revenue rose 3 percent to 94.4 billion dollars. Income before taxes more than doubled for both Q4 and the year, reaching 2.0 billion dollars and 12.0 billion dollars respectively. Full-year segment operating income climbed 12 percent to 17.6 billion dollars, and diluted EPS rose to 6.85 dollars from 2.72 dollars last year.
Entertainment saw full-year operating income rise 19 percent, though Q4 declined due to tough theatrical comparisons with last year’s hits Inside Out 2 and Deadpool & Wolverine. Direct-to-Consumer revenue rose 8 percent and the division posted 352 million dollars in Q4 operating income, while Disney+ and Hulu subscriptions reached 196 million combined. Sports delivered stable results, with ESPN advertising up 8 percent. Experiences posted record Q4 and full-year earnings driven by strong domestic and international parks performance.
Disney expects double-digit adjusted EPS growth in fiscal 2026, continued expansion in Entertainment and Experiences, 24 billion dollars in content investment, and 7 billion dollars in share repurchases. A dividend of 1.50 dollars per share will be paid in two installments in 2026.
