Disney Shares Rise After Beating Quarterly Estimates
Walt Disney reported adjusted earnings of $1.57 per share on revenue of $25.2 billion as new CEO Josh DAmaro projected 12% growth for fiscal 2026. The company saw gains in its experiences and streaming divisions despite higher production costs and lower attendance at domestic theme parks.
WALT DISNEY CO/THE reported adjusted earnings-per-share of $1.57 and revenue of $25.2 billion for the quarter ended March. The results exceeded analyst expectations of $1.49 EPS and $24.78 billion in revenue. CEO Josh D'Amaro is targeting 12% adjusted EPS growth for fiscal 2026 as the company pivots toward streaming and live sports.
### Streaming and Content Gains Offset Sports Costs Operating income at the entertainment unit rose 6% to $1.34 billion, fueled by higher subscription and advertising revenue from Disney+. Box-office performance from titles like Zootopia 2 and Avatar: Fire and Ash also supported the division. CFO Hugh Johnston noted that streaming now generates double the revenue of the traditional television business.
