Whitten is a social media writer for CNBC.
Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+. The company’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+, the company’s flagship service. While domestic subscriptions for the platform increased around 1%, international numbers declined around 2%.
While that revenue marked a 2% improvement over the same quarter last year, the combination of Hurricanes Milton and Helene coupled with declines in attendance and investments in Disney’s fleet of cruise ships weighed on domestic operating income. The experiences division posted a 5% decline in domestic theme park operating income for the quarter, at $1.98 billion. Disney expects its experience segment to see operating income growth of between 6% and 8% in fiscal 2025. Theme parks in the U.S.
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