Bob Iger is over the moon: Disney+ is finally profitable

The studio boss hails “the excellent results of our Entertainment division”, particularly its streaming service. (Source: Le Film Français).

The numbers are in, and the bigwigs at Disney must have breathed a sigh of relief. For its third quarter (2023-2024), the parent company records a turnover of 23.16 billion dollars, or 3.1 billion more in three months. According to The French Filmlast year at this time, it had lost 0.1 billion greenbacks.

All this is thanks to the Content Sales/Licensing and Other division and to Inside Out 2. Riley and his emotions alone have raked in over $1.5 billion internationally. Not bad for a business that ended its quarter at a loss ($112 million) last year.

According to Bob Igerbig boss of Disney, that's not all:

“It was a solid quarter for Disney, driven by excellent results from our Entertainment division, driven by both box office and streaming.”he explains.

Entertainment recorded an increase of 4%, or $10.58 billion. And that is mainly thanks to the streaming business, profitable for the first time since the launch of Disney+ in 2019, and ahead of forecasts, if you please! This means operating revenues amounting to $47 million across all the studio's platforms (Hulu, Star, etc.), compared to $512 million in losses last year. In total, the division's turnover therefore jumped by 15%.

This was necessary to compensate for the losses recorded by the Expériences subsidiary (in charge of amusement parks and derivative products, abandoned because of the Paris 2024 Olympic Games), and which thus lost 3% of its revenue.

Disney+'s financial rebound comes as the Walt Disney Company announced a $2 price increase on its various subscription plans in the United States starting October 17, even though as of June 29, the Disney+ platform had 118.3 million subscribers, 700,000 more than in February. This increase should confirm the platform's profitability in 2025, barring an unexpected misstep.

Not to mention that with the triumph of Deadpool & Wolverine in theaters ($852 million in worldwide revenue to date), Bob Iger is probably sleeping soundly.

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