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Total revenues were $9.8 billion in Q2 2025, up modestly from the prior year quarter. Distribution revenues were relatively unchanged, as growth in global streaming subscribers was offset by continued domestic linear pay TV subscriber declines. 

Crunchyroll hits 17 million subscribers, Netflix and Amazon commission 53% of titles abroad, and 60% of Gen Z viewers recognize anime-first brands—making global content central to streaming growth strategies.

Starting in early 2026, U.S. subscribers will access Hulu content exclusively within Disney+, while the company stops reporting individual subscriber counts for Disney+, Hulu, and ESPN+ amid a 7% year-over-year rise in direct-to-consumer revenue.

The new service will debut with over 12,000 hours of on-demand programming, 12 live channels, and exclusive next-day access to Fox series, targeting both cable subscribers and cord-cutters.

TelevisaUnivision released its Q2 2025 financial results, highlighting significant progress in key operational and financial metrics. The company reported adjusted OIBDA of $398 million.