GECs
Disney reports substantially better results in Q1 FY 2025
MUMBAI: The Walt Disney Company reported robust Q1 FY25 financial results, driven by growth in its entertainment and experiences divisions and a return to profitability in streaming operations. The company posted a 44 per cent jump in adjusted earnings per share to $1.76, exceeding market expectations of $1.45. Revenue rose by five per cent to $24.69 billion, fuelled by strategic price hikes across streaming services.
The direct-to-consumer (D2C) segment, encompassing Disney+, Hulu, and ESPN+, delivered a $293 million operating profit, recovering from a $138 million loss in the same quarter last year. However, Disney+ saw a marginal decline in subscribers, slipping to 124.6 million from 125.3 million in Q4 FY24. Hulu reported a three per cent growth in its subscriber base, offsetting some losses.
Despite the dip in Disney+ subscribers, D2C revenue increased by nine per cent, reflecting the effectiveness of pricing strategies. The company announced plans to launch ESPN as a stand-alone streaming service by fall 2025, with a focus on delivering comprehensive sports content and digital features.
Disney’s entertainment division recorded double-digit operating income growth, supported by the success of key franchises. Box office revenue saw a rebound, thanks to blockbuster releases and a strong international performance. Upcoming releases are expected to sustain this momentum in the next quarter.
The sports division reported an impressive operating income of $250 million, reversing a $100 million loss from the same period last year. The absence of major cricket events in Q1 and improved operating efficiencies contributed to this turnaround.
The experiences, parks, and products segment remained a key growth driver, bolstered by strong demand for domestic and international parks. Revenue from this segment surged by double digits as travel and leisure activities continued to normalise post-pandemic.
Disney finalised a $220 million merger of its Hulu + Live TV business with FuboTV, taking a 70% ownership stake in the combined entity. CEO Bob Iger confirmed the company’s commitment to further growth in digital entertainment and immersive experiences.
Looking ahead, Disney forecasts high single-digit earnings per share growth for FY25 and double-digit operating income growth in the entertainment division. However, the stock dipped 2.4 per cent following the report, influenced by concerns over Disney+ subscriber declines.
Meanwhile, moving on to its India operations. The mousehouse expects a $300 million equity loss from its Indian joint venture (JV), JioStar, in FY25 due to purchase accounting, according to CEO Bob Iger and CFO Hugh Johnston in the company’s Q1 FY25 earnings commentary. The JV, formed with Reliance Industries (RIL) and Bodhi Tree Systems, marked the merger of Star India, Disney+ Hotstar, and Reliance’s media assets.
Disney, which holds a 37 per cent stake in JioStar, deconsolidated Star India’s results from 14 November 2024. This quarter included just 1.5 months of Star India operations, compared to a full year in fiscal 2024. The company reported a $33 million equity loss from the JV in Q1, primarily linked to purchase accounting.
The JV is projected to contribute $74 million to Disney’s entertainment operating income in FY25, down from $254 million last year, while the sports segment is expected to generate $9 million, recovering from a $636 million loss.
Advertising revenue from Disney+ Hotstar in India fell sharply to $15 million in Q1 FY25, compared to $165 million the previous year. Despite this decline, direct-to-consumer (D2C) ad revenue outside India rose 16 per cent. Disney anticipates D2C operating income to increase by $875 million in FY25, partly due to an improved comparison against a $200 million adverse impact from Disney+ Hotstar in the previous year.
Sports segment income improved to $250 million in Q1, recovering from a $100 million loss in Q1 FY24, which had aired the ICC Cricket World Cup.
The company recognised a $143 million impairment charge and a $0.2 billion non-cash tax charge in Q1 FY25 as part of transaction-related restructuring. Cumulative foreign currency translation losses net of tax amounted to $0.8 billion.
JioStar, valued at $8.5 billion, is 56 per cent owned by RIL and seven per cent by Bodhi Tree Systems. Disney’s move signals a strategic shift in its approach to the Indian market amid evolving media consumption patterns.
The Walt Disney Company reported robust Q1 FY25 financial results, driven by growth in its entertainment and experiences divisions and a return to profitability in streaming operations. The company posted a 44 per cent jump in adjusted earnings per share to $1.76, exceeding market expectations of $1.45. Revenue rose by five per cent to $24.69 billion, fuelled by strategic price hikes across streaming services.
The direct-to-consumer (D2C) segment, encompassing Disney+, Hulu, and ESPN+, delivered a $293 million operating profit, recovering from a $138 million loss in the same quarter last year. However, Disney+ saw a marginal decline in subscribers, slipping to 124.6 million from 125.3 million in Q4 FY24. Hulu reported a three per cent growth in its subscriber base, offsetting some losses.
Despite the dip in Disney+ subscribers, D2C revenue increased by nine per cent, reflecting the effectiveness of pricing strategies. The company announced plans to launch ESPN as a stand-alone streaming service by fall 2025, with a focus on delivering comprehensive sports content and digital features.
Disney’s entertainment division recorded double-digit operating income growth, supported by the success of key franchises. Box office revenue saw a rebound, thanks to blockbuster releases and a strong international performance. Upcoming releases are expected to sustain this momentum in the next quarter.
The sports division reported an impressive operating income of $250 million, reversing a $100 million loss from the same period last year. The absence of major cricket events in Q1 and improved operating efficiencies contributed to this turnaround.
The experiences, parks, and products segment remained a key growth driver, bolstered by strong demand for domestic and international parks. Revenue from this segment surged by double digits as travel and leisure activities continued to normalise post-pandemic.
Disney finalised a $220 million merger of its Hulu + Live TV business with FuboTV, taking a 70% ownership stake in the combined entity. CEO Bob Iger confirmed the company’s commitment to further growth in digital entertainment and immersive experiences.
Looking ahead, Disney forecasts high single-digit earnings per share growth for FY25 and double-digit operating income growth in the entertainment division. However, the stock dipped 2.4 per cent following the report, influenced by concerns over Disney+ subscriber declines.
GECs
Asianet Television Awards 2026 celebrates women power in Malayalam TV
“She is the Colour” theme honours icons as ceremony airs on March 14 and 15 at 7 PM.
MUMBAI: If television lights up living rooms, this year Asianet decided to let women provide the colour. The Asianet Television Awards 2026 turned the spotlight firmly on women empowerment with the theme “She is the Colour”, celebrating the strength, resilience and achievements of women who continue to shape society and the Malayalam entertainment industry.
The ceremony honoured several distinguished personalities whose journeys have left a lasting cultural imprint. Among them was legendary playback singer Vimala Varma, widely recognised as the first Malayalam playback singer. The evening also paid tribute to Padma Shri awardees Devaki Amma and Vimala Menon for their exceptional contributions in their respective fields.
Leading women from the Malayalam film industry were also recognised during the event, including actor Shweta Menon, who currently serves as president of the Association of Malayalam Movie Artists, and National Award winning actor Surabhi Lakshmi.
The awards ceremony brought together a glittering lineup of actors and industry figures, including Jayasurya, Vijay Babu, Asha Sarath, Lena, Esther Anil, Anumol, Akhila Bhargavan, Sarayu Mohan, Prajod Kalabhavan, Gayathri Suresh, Sabumon Abdusamad, Swasika, Tini Tom, Sijoy Varghese, Kailash, Veena Nandakumar, Sabareesh Varma, Ansiba Hassan and Dinesh Prabhakar. Kishan Kumar, executive vice president Malayalam at JioStar, was also present at the event.
Beyond individual recognitions, the awards celebrated excellence across Malayalam television, acknowledging artists and technicians whose work continues to drive the industry forward.
The evening also offered plenty of spectacle, with elaborate dance performances, stunt acts and comedy skits performed by popular television and film personalities, turning the ceremony into a full fledged entertainment showcase.
Viewers will get to watch the celebrations when the Asianet Television Awards 2026 air on Asianet on March 14 and 15, Saturday and Sunday, from 7 pm onwards, bringing the star studded tribute to homes across Kerala and beyond.
