Entertainment giant the Walt Disney Company saw subscriber losses at its flagship Disney Plus streaming service after it raised prices.

The Walt Disney Company (DIS) reported better-than-expected earnings for the first quarter of Fiscal 2025, thanks to the box office performance

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

There were some oversized expectations for the animated film but "Moana 2", originally intended as a series for the company's streaming service before it was produced for the big screen — blew predictions out of the water. Its five-day opening set a new record for Thanksgiving moviegoing.

Moana 2' helped float a solid fiscal first quarter for Disney with studio profit riding the strong box office of the animated sequel that’s topped $1 billion worldwide.