The Walt Disney Company (DIS) Q3 2026 Earnings Call Transcript
DIS' fiscal Q3 earnings top estimates as Experiences and Entertainment drive profit growth, while streaming improves despite Sports headwinds.
Recently installed Fubo CEO Elisa Bowen whetted Wall Street appetites for the upside of being controlled by Disney, her alma mater, during the company's quarterly earnings call on Wednesday.
Disney posted record quarterly revenue at its parks division despite a slump in international travel to the U.S. The experiences segment posted nearly $10 billion in revenue for the fiscal third quarter, a 10% jump from the same quarter a year prior and a quarterly record.
Disney stock is on the rise after the entertainment giant beat profit estimates and announced a new partnership with TikTok.
New Disney CEO Josh D'Amaro confirmed that the media giant is exploring “a free product for consumers,” i.e. FAST channels. “We're exploring a free product for consumers. One that will allow us to accomplish several goals and hopefully do that efficiently,” he said on a call with analysts after quarterly earnings.
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.