Disney Shares Sink After Revenue Slip Despite Strong Streaming Growth

Disney reported mixed fiscal fourth-quarter results Thursday, beating earnings expectations but missing Wall Street’s revenue forecast. Shares fell roughly 6 percent in premarket trading as the company’s entertainment business continued to struggle.

The Walt Disney Company, $DIS, Q4-25. Results:

📊 Adj. EPS: $1.11 🟢
💰 Revenue: $22.5B 🔴
📈 Net Income: $1.3B
🔎 Record performance in Experiences segment and continued growth in streaming, with 12.4M new Disney+ and Hulu subscribers this quarter. pic.twitter.com/UZ0DjkvUQ5
— EarningsTime (@Earnings_Time) November 13, 2025

Revenue for the unit dropped 6 percent to $10.21 billion, hurt by weak TV networks, lower advertising, and a lackluster film slate. A carriage dispute with YouTube TV has also kept ESPN and other networks off the platform since October.

Streaming remained the bright spot. Operating income for streaming jumped 39 percent as Disney+ added 3.8 million subscribers, aided by the Charter Communications deal and growth overseas.

Disney beat Wall Street estimates as Disney+ subscribers rose by 3.8 million to 131.6 million total subs. https://t.co/alyGjjCgzG pic.twitter.com/Y3T1wSbFVE
— The Hollywood Reporter (@THR) November 13, 2025

The company highlighted early momentum for its new ESPN streaming app, with most new users signing up through bundles.

Disney’s parks, resorts, and cruises also posted solid gains, with revenue up 6 percent and operating income up 13 percent. The company plans to boost its dividend and double share buybacks in fiscal 2026.

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