Walt Disney Co. reported quarterly results that beat expectations, with growth driven by the streaming and theme park businesses in its first earnings release under CEO Josh D’Amaro.
Shares rose about 4 percent in premarket trading after the announcement.
According to LSEG, the company reported revenue of $25.17 billion for its fiscal second quarter, exceeding analysts’ forecast of $24.78 billion.
Revenue increased 7 percent compared to the same period last year, while adjusted earnings per share came in at $1.57.
Disney’s Experiences segment, which includes parks and cruises, generated revenue of about $9.5 billion, up 7 percent year over year. While global attendance increased slightly, domestic visits declined, although spending per guest increased.
Disney Chief Financial Officer Hugh Johnston told CNBC, “We continue to see a strong consumer. While there may be some concerns around macros and particularly fuel price, we haven’t seen any evidence of that.”
He said bookings for the second half of the year “are quite strong.”
The entertainment division, which includes streaming and films, saw revenue rise 10 percent to $11.72 billion, supported by subscription growth and recent box office releases.
Disney said it expects adjusted earnings to grow about 12 percent for 2026 and plans at least $8 billion in share buybacks as it continues to invest in its core businesses.
