Disney made money off its streaming business for the second time in a row. During Q4 2024, profit from Disney Plus, Hulu, and ESPN Plus soared to $321 million, up from $47 million last quarter. During an earnings call on Thursday, Disney CEO Bob Iger said around 60 percent of all new subscribers are choosing Disney Plus’s ad-supported plan. Meanwhile, 37 percent of total subscribers in the US are currently subscribed to the option, which has become a major revenue driver for streaming services.
Along with Disney, Paramount Plus was recently profitable for the second consecutive quarter, while Warner Bros. Discovery’s Max continues to make money, too. At the same time, Disney’s streaming business saw modest subscriber growth in the US and Canada, going from 54.8 million last quarter to 56 million. Additionally, Disney has plans to roll out password sharing more broadly, as CEO Bob Iger said during an earnings call that paid-sharing just started in Latin America this week.