Disney Plus Racks Up 28.6 Million Subscribers

Attendance at Disney’s domestic parks increased by 2 percent in the quarter.

Walt Disney Studios delivered $948 million in operating profit, an increase of more than 100 percent from a year earlier. Contributing were “Frozen II,” which has taken in $1.4 billion, and “Star Wars: The Rise of Skywalker,” which has taken in $1.1 billion. Those films, which are still playing, and “Toy Story 4” boosted Disney’s consumer products business by 25 percent, Ms. McCarthy said.

Media Networks, a vast part of Disney that includes ESPN and ABC, reported operating income of about $1.6 billion, a 23 percent increase. Disney credited its recently purchased National Geographic and FX networks for that rise. Profit declined at ESPN because of an increase in programming costs and lower advertising revenue as a result of lower viewership.

Disney’s streaming division, which includes Hulu and the sports-oriented ESPN Plus, posted an operating loss of roughly $693 million, which was not as bad as most analysts had anticipated. (Ms. McCarthy said losses could total $900 million in the current quarter.) Disney said that Hulu had 30.6 million paying subscribers as of Monday, a 33 percent increase from a year ago. ESPN Plus had about 7.6 million, up from 1.4 million.

The successful introduction of Disney Plus in North America has prompted Disney to accelerate the service’s rollout overseas. It will arrive in Britain, France, Germany, Spain, Italy and a handful of other European countries starting on March 24. Disney Plus will become available in India on March 29.

Mr. Iger told analysts that he was pleased with Disney’s ongoing efforts to digest the entertainment assets it bought from Rupert Murdoch last year for $71.3 billion. Those efforts have included dropping the word Fox from the 20th Century Fox and Fox Searchlight movie divisions. (Mr. Murdoch retained ownership of Fox News and the Fox broadcast network.) Emma Watts, the top executive at 20th Century, quit last week. She was primarily responsible for shepherding James Cameron’s four upcoming “Avatar” sequels. Hulu’s chief executive, Randy Freer, also resigned.

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