Bob Iger, the CEO of The Walt Disney Company, is making some serious waves as he hits the halfway point of his four-year contract. The company has seen a whopping 74 percent increase in net income, reaching an impressive $460 million for the July to September quarter. Iger couldn’t be prouder of the progress Disney has made under his leadership, especially with the success of their streaming division, which has now turned a profit for two quarters in a row.
Disney’s streaming services, including Disney+, Hulu, and ESPN+, have seen a significant boost in profitability, totaling $321 million this quarter. Not to mention, Disney+ Core and Hulu have both seen an increase in subscribers, with 112.7 million and 52 million users respectively. It’s interesting to note that in the U.S., about 60 percent of new Disney+ subscribers are choosing the more affordable ad-supported tier.
The success of Disney’s streaming platforms has had a great impact on the company’s overall revenue, which has risen by 6 percent to $22.6 billion for the quarter. Blockbuster hits like “Inside Out 2” and “Deadpool & Wolverine” have helped Disney’s studio business report a $316 million operating income. Iger stressed the importance of consumer touch points like streaming, parks, and cruise ships in driving value for Disney films.
Looking to the future, Disney is feeling optimistic about its growth potential, with expectations of increased profits from the streaming division and double-digit earnings per share growth for fiscal 2026 and 2027. Despite rumors of potential media acquisitions, Iger has made it clear that Disney is happy with its current assets and has no plans for further consolidation.
In conclusion, under Bob Iger’s guidance, Disney is on a path of growth and success, thanks to the performance of its streaming services and blockbuster movies. With a strong focus on innovation and engaging with consumers, Disney is set for even more success in the years ahead.
