Disney's third-quarter earnings beat expectations, driven by streaming and theme park spending, despite slightly lower revenue, according to CNBC. The company reported adjusted earnings per share of $1.61, beating expectations, while its revenue of $23.65 billion came in just below the projected $23.73 billion. Revenue rose 2% to $23.65 billion, marking its first miss of analyst expectations since May 2024. Disney’s streaming business continued to grow even as its traditional TV bundle faced declining customer numbers. The company raised its fiscal 2025 guidance, projecting adjusted earnings per share of $5.85, an 18% increase from fiscal 2024. Disney expects a modest rise in Disney+ subscribers and over 10 million combined Disney+ and Hulu subscription additions in its fiscal fourth quarter.
