"Moana 2" and another profitable quarter for Disney+ and Hulu helped Disney beat forecasts for revenue and earnings for the December 2024 quarter.

Disney posted a 35% increase in earnings per share and 5% increase in total revenue in its first quarter of 2025, boosted by strong box-office performance led by “Moana 2,” which has topped $1 billion globally, and continued improvements in streaming profitability at Disney+ and Hulu.

The company is well on its way to its ambitious goal of $1 billion in streaming profit for the year.

The entertainment and media giant, which reported earnings on Wednesday, is testing viewers’ tolerance for higher costs in a saturated TV market. The Walt Disney Company posted first-quarter earnings Wednesday that beat on the top and bottom lines but also revealed the start of predicted streaming subscriber losses at its Disney+ service.

Walt Disney Co. reported fiscal first-quarter results that topped analysts’ estimates, fueled by the blockbuster film Moana 2 and higher income from its streaming services.

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+.