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For Disney, the 2025 fiscal year ended with a split screen: Theme parks were packed, streaming kept climbing, but the magic didn\u2019t fully translate to the box office. CEO Bob Iger and chief financial officer Hugh Johnston released the company\u2019s full fiscal year and fourth-quarter results on Thursday. <\/p>\n
The company\u2019s end-of-year performance reflected mixed results, with weaker performances from the box office and in cable, but continued growth in streaming and theme parks. <\/p>\n
\u201cThis was another year of great progress as we strengthened the company by leveraging the value of our creative and brand assets and continued to make meaningful progress in our direct-to-consumer businesses,\u201d Iger and Johnston said in a joint statement<\/a>. <\/p>\n Disney reported<\/a> fourth-quarter earnings of $22.5 billion, up 3% from the previous year, bringing total annual revenue to $94.4 billion. <\/p>\n Revenue for Disney Entertainment, the company\u2019s film and television division, fell 6% to $691 million, a decline of $376 million compared with the previous year.<\/p>\n Disney attributed the drop to a weaker theatrical appearance. Last year\u2019s results included record performances from \u201cDeadpool & Wolverine\u201d and \u201cInside Out 2,\u201d while this year\u2019s releases, including \u201cThe Fantastic Four: First Steps,\u201d \u201cThe Roses\u201d and \u201cFreakier Friday,\u201d did not perform as strongly. <\/p>\n Content sales, licensing and other earnings also fell by $368 million from the same period last year.<\/p>\n Despite the drop, Disney credited<\/a> its live-action remake of \u201cLilo & Stitch\u201d with bolstering results, with it being the highest-grossing Hollywood film<\/a> at the global box office this year. The films Disney+ debut drew 14.3 million views, making it the second-biggest live-action premiere on the platform. <\/p>\n \u201cThe popularity of this global phenomenon underscores the franchise\u2019s enduring strength and the effectiveness of our strategy to invest in popular stories and characters,\u201d Iger and Johnston said. <\/p>\n Disney also noted that merchandise sales related to the blue alien Stitch surpassed $4 billion in fiscal 2025, including sales by licensees. <\/p>\n On the flip side, Disney\u2019s Experiences division, which includes its theme parks, cruise line, merchandise and video game licensing, reported strong gains. Revenue climbed 13% to $1.88 billion, with domestic park operating income rising 9% and international park earnings up 25%. <\/p>\n The division achieved a record fiscal year, generating $10 billion in operating income, an increase of $273 million compared to last year. <\/p>\n Disney\u2019s direct-to-consumer segment, which includes Disney+ and Hulu, saw a quarterly income of $352 million, up 8% from 2024\u2019s $253 million. <\/p>\n The report comes as Disney negotiates a new licensing deal with YouTube following a recent dispute that temporarily removed Disney content, like ABC and ESPN, from YouTube TV, as previously reported by the Deseret News<\/a>.<\/p>\nFilm and TV earnings<\/h3>\n
Theme parks and experience earnings<\/h3>\n
Streaming and other updates<\/h3>\n