The latest earnings reports from the major studios highlight an increasingly profitable streaming industry focused on engaging global viewers with high-quality, differentiated content.
Netflix remains the most profitable streaming company with profits up 27% in Q1 to $3.35 billion. It plans to double revenue in the next five years and grow its subscribers by 35%, with a slate of content and the expansion of its live offering.
Disney reported a return to subscriber growth in the first three months of 2025, adding 1.4 million Disney+ subscribers and increasing streaming profits to $336 million.
Warner Bros. Discovery’s direct-to-consumer unit swung to an annual profit last year of $409 million, while NBCUniversal and Paramount Global narrowed streaming losses.
While overall content investment remains stable, Ampere analysis is forecasting that streaming services will spend $95 billion on content this year, overtaking commercial broadcasters for the first time with a 39% share of the total market.
