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Variety

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‘Moana 2’ Box Office, Disney+ Subscribers Drive Disney U....
K.J. Yossman · 2026-06-22 · via Variety

The Walt Disney Company’s U.K. subsidiary, The Walt Disney Company Limited, which encompasses theatrical film distribution, streaming and licensing, generated more than £4.4 billion ($5.8 billion) in revenue for 2025.

The number represents an 11.1% increase in revenue year-on-year and a 37.7% increase in post-tax profits, which rose from £589 million to £811 million in the period between Sept. 29, 2024 and Sept. 27, 2025.

The figures, contained in the company’s annual report and audited financial statements, were filed at the U.K.’s business registry, Companies House, last week.

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The annual report said the increase in both revenue and profit was “mainly driven by the strong performance of Disney+” with year-on-year increases in both subscriber numbers and pricing as well as the box office performance of films including “Moana 2” and the live-action “Lilo & Stitch.”

That’s despite the company missing out on lucrative stage revenue for most of the financial period of the report, with “Frozen” in the West End closing in Sept. 2024 after running for three years while “Hercules” only opened nine months later, in June 2025.

The £4.4 billion sum was also broken down by entertainment, experiences and operating fees, with the former including Disney+, film distribution, stage plays and IP exploitation, while experiences relates specifically to merchandise and publishing licensing income as well as vacation packages. Operating fees encompass amounts received from fellow group companies

The lion’s share of the revenue — 95.6% — came from Europe, including the U.K. and Ireland, with the remainder coming from the rest of the world.

Operating costs remained steady, with staff costs going down despite the number of employees increasing. The company’s headcount increased by 95 people, taking the average monthly number of employees during the year to 1,981, the majority of whom (1,160) are categorized as working in entertainment. The number of employees working in experiences also jumped up (from 446 in 2024 to 461 in 2025) while corporate employees went down, from 385 to 360.

Despite the increased headcount, aggregate payroll costs dropped marginally, from £266,191,000 to £260,797,000.