Shares rose as the entertainment giant reported revenue of $25.2 billion in the quarter, up 7% from last year.
Disney CEO Josh D'Amaro said during an earnings call with investors the company is exploring a free, ad-supported streaming product for consumers. The consideration comes as advertising has taken a bigger role in making streaming profitable and growing engagement and subscriptions.
The headline numbers for Disney (DIS) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Walt Disney Co (NYSE:DIS, XETRA:WDP) on Wednesday reported fiscal third-quarter results that topped Wall Street estimates, driven by a doubling of streaming profit and record domestic theme park revenue. Adjusted earnings per share came in at $2.06, up 28% from a year earlier and well above the $1.86 analysts had forecast.
Walt Disney Co.'s fiscal third quarter profit beat Wall Street estimates as soaring income from its entertainment division and the resilience of its theme parks in California and Florida delivered a second straight quarter of better-than-expected profitability for Chief Executive Officer Josh D'Amaro. Geetha Ranganathan of Bloomberg Intelligence has more.
Disney has sold out ad inventory for next February's Super Bowl and also wrapped up 2026-27 upfront sales. The news was announced by Chief Financial Officer Hugh Johnston during the company's fiscal third-quarter earnings call on Wednesday.
Disney is partnering with TikTok to bring Disney-focused fan content directly into the Disney+ app. The companies are starting with a pilot program in the U.S. in the coming months, and plan to expand to additional markets later on.
Walt Disney (DIS) came out with quarterly earnings of $2.06 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.61 per share a year ago.
Walt Disney's stock, which has been struggling all year, rallied on Wednesday as the entertainment giant reported surprisingly strong earnings.
Disney's Josh D'Amaro stepped out with solid numbers and some news in his first full quarter as CEO. Toy Story 5 drove studio revenue, theme parks saw an uptick in attendance, and streaming profits more than doubled for the three months ended in June. Total operating income for Disney's fiscal third quarter jumped 21% $5.
Disney pleased Wall Street in its first full quarter under CEO Josh D'Amaro. Shares rose over 4% in premarket trading as the Mouse House posted mixed revenue and earnings results for the quarter ending on June 27.
Third-quarter revenue increased 7% to $25.2 billion, driven by growth from the company's experiences unit.