Disney reports $25.2 billion quarterly revenue, up 7%, buoyed by ‘Toy Story 5’ and consumer products.
The Walt Disney Company on Wednesday reported fiscal third-quarter revenue of $25.2 billion, a 7% increase from $23.7 billion a year earlier, as the box-office success of Pixar’s Toy Story 5 and stronger consumer-product sales helped lift results across key businesses. Adjusted earnings per share rose to $2.06 from $1.61 in the prior-year period, beating Wall Street expectations of roughly $1.85 to $1.86. Total segment operating income climbed 21% to $5.6 billion. Net income attributable to Disney was $2.6 billion, or $1.51 per share, down from $5.3 billion a year earlier, reflecting the absence of one-time tax benefits recorded in the year-ago quarter. The quarter ended June 27, 2026. Disney said the results modestly exceeded its prior guidance for total segment operating income. Toy Story 5, released in theaters on June 19, surpassed $1 billion in global box-office receipts and ranked among the year’s top-grossing films. The animated sequel, directed by Andrew Stanton, contributed to higher content sales in the entertainment segment and fueled demand for related merchandise. Consumer-products revenue, included in the Experiences segment, rose on the strength of Toy Story merchandise. Disney noted that merchandise licensing and retail sales increased 8% in the quarter. The Experiences segment overall posted revenue of $9.97 billion, up 10%, with operating income of about $3.0 billion. Domestic theme-park attendance rose 3% and per-guest spending increased 4%. Entertainment segment revenue grew 6% to $11.3 billion, while operating income surged 64% to $1.68 billion. Streaming revenue from Disney+ and Hulu climbed 11% to $5.53 billion, with combined streaming operating income more than doubling to $712 million from $329 million a year earlier, driven by subscriber growth, higher pricing and advertising gains. Sports segment revenue rose 4% to $4.5 billion. In a letter to shareholders, CEO Josh D’Amaro said the results “reinforce our confidence that we are uniquely well positioned,” pointing to decades of investment in intellectual property that continue to drive financial performance. Disney reiterated its full-year outlook for adjusted EPS growth of approximately 12% excluding the impact of a 53rd week in the fiscal year, or about 16% including it. The company also raised its fiscal 2026 share-repurchase target to at least $9 billion. Disney shares rose in premarket trading following the release.
