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Jon Lafayette

Cost-Cutting Gives Disney an Earnings Boost in Quarter

Disney Bob Iger ESPN Disney Plus Hugh Johnston Isaac Perlmutter ESPN Plus Hulu Trian
Disney 100 Super Bowl Spot.

The Walt Disney Co., under pressure from investors, reported higher fiscal first-quarter earnings as losses from its direct-to-consumer business fell substantially.

CEO Bob Iger opened the company's earnings call by saying the long-awaited direct-to-consumer version of ESPN would be arriving in fall 2025. He added that former Alabama head football coach Nick Saban will be joining the networks as a commentator. The new streaming joint venture announced by ESPN, Fox and Warner Bros. Discovery launches this fall.

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