PixarsInside Out 2and MarvelsDeadpool & Wolverinebroke numerous box office records and helped drive $316 million in operating income.
Hulu ended September with 47.4 million subs, up slightly.
Hulu + Live TV stood at 4.6 million subs, up from 4.4 million in June.
Deadpool & WolverineJay Maidment /© Marvel / © Walt Disney Studios Motion Pictures / Courtesy Everett Collection
Disney is buying out Hulu from partner Comcast and has alreadypaid out an agreed upon $8.6 billion flooramount.
They are still hashing out how much more is due.
Streaming revenue rose 15% to $5.78 billion.
Ad sales rose 14%.
Disney cited gains from subscription price hikes and lower marketing costs.
The trio lost $387 million in the 2023 third quarter.
Sportsrevenue was flat at $3.9 billion.
Operating income slipped 5% to $929 million.
Domestic ESPN advertising revenue in Q4 grew 7% from the prior-year quarter.
Discovery that Fubo has sued to block and whose fate is in the hands of a New York court.
The board led by James Gorman islooking for Disneys new CEO, eyeing both internal and external candidates.
Igers contract expires at the end of 2026. International Parks & Experiences operating income declined.
U.S. parks in particular have had a hiccup this year as frenzied post-Covid attendance began to moderate.
Iger has said its fine.
Disney itself is in the midst of a multi-year, $10 billion investment cycle in its parks.
Universal has also noted dips in attendance at its parks this year.
Disney also cited the impact of the non-renewal of carriage of certain networks by an affiliate.
Disney took $1.5 billion in restructuring and impairment charges, including $69 million for severance.
Media companies have been aggressively tossing out staffers to streamline as the entertainment industry shifts and contracts.
