Iger is unlikely to be too upset about his accidental reveal, given how well Disney performed over the quarter. Deadpool & Wolverine and Inside Out 2, the two top movies of 2024 so far, both of which grossed over $1 billion, helped push revenue up 6% year-on-year to about $22.57 billion, beating Wall Street analysts' expectations.
Disney's subscription services were also a bright spot: it now boasts 174 million Disney+ core and Hulu subscriptions. Disney+ global subscriptions alone are up 4.4 million compared to the previous quarter, while Hulu gained 900,000 more subs. Streaming revenue rose 15% to $5.78 billion, and ad sales rose 14%. Disney said its gains came from subscription price hikes and lower marketing costs.