Already seeing success for its four-month-old streaming service, Disney expects the next area of growth for Disney+ to come from Western Europe and India.
Disney didn't confirm a precise time frame for Hulu's worldwide launch, as Iger said the first priority is the global rollout of Disney+, which has had a booming start. Five days later, Disney+ will launch in India through a partnership with Disney-owned streaming platform Hotstar.
On Tuesday, Disney CEO Bob Iger announced The Mandalorian will debut its second season in October 2020 - less than a year after its November 12 premiere on Disney+.
Asked "When you subscribed to Disney Plus, who did you primarily do it for?", 47% of men said "myself", 37% said their kids and 16% said their partner; among women, 41% said "myself", 47% said their kids and 12% said their partner.
The services' first breakout hit is also the first live-action series in the Star Wars franchise, The Mandalorian.
While the company did not disclose details on pricing, Disney+ has hovered on the lower end among streaming platforms in the United States and is expected to continue the trend.
Prior to The Mandalorian season two, Marvel's The Falcon & The Winter Soldier, starring Anthony Mackie and Sebastian Stan, is scheduled to release in August. Disney also plans to roll out Hulu outside the US next year after getting Disney Plus off the ground overseas. About half signed up directly through Disney, and the rest from other channels.
Excluding certain items, Disney earned $1.53 per share, above the average analyst estimate of $1.44, according to IBES data from Refinitiv. At least three Wall Street brokerages predicted that number would be closer to 20 million.
Though not stated specifically, we'd guess that a lot of this is due to the blockbuster opening of Star Wars: Rise of the Resistance at Disney's Hollywood Studios, which drew massive crowds in December.
Revenue slid at Disney's cable networks division, by 20% to $4.8 billion.
The Hong Kong park could see an additional $105 million decline in operating income during the quarter, McCarthy said, as ongoing anti-government protests have depressed tourism.