Disney's Direct-to-Consumer Business Swings to Profit in Q4 Earnings
Disney reported stronger-than-expected fiscal fourth-quarter earnings, with adjusted earnings of $1.14 per share and revenue of $22.57 billion. The direct-to-consumer (DTC) segment, which includes Disney+, Hulu, and ESPN+, achieved a significant milestone with operating income of $321 million, marking a sharp turnaround from a $387 million loss in the same period last year. This highlights Disney's shift from traditional media to digital platforms. The company also increased subscription prices in mid-October to offset losses in linear television. Disney projects DTC operating income of approximately $875 million for fiscal 2025.