Disney (DIS) earnings Q3 2025

Disney reports its fiscal third-quarter earnings before the bell on Wednesday, and Wall Street will be looking for updates on the state of its streaming, TV and movies businesses, as well as its theme parks.

Here is what Wall Street expects Disney to report on Wednesday, according to LSEG

• Earnings per share: $1.47 expected
• Revenue: $23.73 billion expected

Once again, the streaming business will be in focus.

Investors are anticipating further updates on the company’s ESPN direct-to-consumer streaming service. ESPN has said it will launch the app this fall, but has yet to give a firm date.

The streaming service, which will be named simply ESPN, will house all of the content from the network’s traditional TV channel and more. It will cost $29.99 a month.

The move comes as more consumers exit the traditional pay TV bundle and switch to streaming. On Tuesday, Fox Corp. announced its own direct-to-consumer streaming app, Fox One, would launch on August 21 and cost $19.99 per month.

During Disney’s last earnings report in May, the company upped some of its fiscal 2025 guidance and said it expected a modest rise in customers for streaming service Disney+.

Disney said at the time its flagship service had 126 million global subscribers, exceeding analyst expectations for the period. Disney has previously reported that its streaming business has reached profitability, a metric that has outranked the importance of subscriber growth for media companies.

Disney also announced in May that it reached a deal to bring a theme park and resort to Abu Dhabi — its seventh theme park resort as the company continues to expand internationally.

Disney’s experiences business, which includes parks, cruises and resorts as well as consumer products, reported 6% year-over-year revenue growth last quarter. Domestic theme park revenue was up 9%, while international park revenue dipped 5%.

This story is developing. Please check back for updates.