Disney streaming grows as subscriber reporting ends

Disney closed its 2025 fiscal year with streaming momentum, posting 195.7 million combined Disney+ and Hulu subscriptions, up 12.4 million and topping estimates by 2.1 million. Disney+ rose to 131.6 million as Lilo & Stitch drew 14.3 million five day views; Hulu added 8.6 million, fueled by Charter’s distribution deal. Direct-to-consumer revenue climbed 8% to $6.25 billion and operating income jumped 39% to $352 million. Despite a September cancellation spike tied to the Kimmel controversy, sign-ups increased, per Antenna. Disney will stop reporting Disney+ and Hulu subscriber metrics after this quarter, with price increases taking effect Oct. 21.