Business
The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2025
BURBANK, Calif., November 13, 2025--The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and full year ended September 27, 2025.

About this update from Walt Disney Company (the)
[{"type":"text","content":"BURBANK, Calif., November 13, 2025--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and full year ended September 27, 2025.","length":175,"tagName":"p"},{"type":"text","content":"Financial Results for the Quarter and Full Year:","length":48,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues in Q4 of $22.5 billion were comparable to Q4 fiscal 2024, and increased 3% for the year to $94.4 billion from $91.4 billion in the prior year.","length":151,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Income before income taxes for Q4 increased to $2.0 billion from $0.9 billion in Q4 fiscal 2024, and increased to $12.0 billion for the year from $7.6 billion in the prior year.","length":177,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total segment operating income(1) increased 12% for the year to $17.6 billion from $15.6 billion in the prior year.","length":115,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share (EPS) for Q4 increased to $0.73 from $0.25 in Q4 fiscal 2024. Adjusted EPS(1) decreased 3% for Q4 to $1.11 from $1.14 in Q4 fiscal 2024. For the year, diluted EPS increased to $6.85 from $2.72 in fiscal 2024, and adjusted EPS(1) increased 19% to $5.93 from $4.97 in fiscal 2024.","length":305,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":748,"olType":false},{"type":"text","content":"Key Points:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total segment operating income(1) decreased 5% for Q4 to $3.5 billion from $3.7 billion in Q4 fiscal 2024","length":105,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Entertainment: Full year segment operating income increased 19% to $4.7 billion. Q4 segment operating income of $691 million, a decrease of $376 million compared to the prior-year quarter, driven by theatrical slate comparisons. For Q4:","length":236,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Direct-to-Consumer revenue increased 8%, net of an adverse impact of 2 ppts as Disney+ Hotstar was included in the prior-year quarter’s results","length":143,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Direct-to-Consumer operating income increa...