Disney exceeds earnings estimates driven by parks and streaming

The Walt Disney Company reported mixed financial results for its fiscal third quarter, exceeding earnings estimates despite falling slightly short on revenue projections. Total quarterly revenue reached $25.25 billion, a 7% year-over-year increase. Adjusted earnings per share rose to $2.06, compared to $1.61 in the previous year.

Growth was driven largely by the parks and experiences division, which saw revenue rise 10% to $9.97 billion. Domestic park attendance increased by 3% year-over-year, though reports note this metric covers the period from late March to late June and does not include July data. The 3% increase reflects collective domestic operations in Florida and California rather than specific individual park figures.

The entertainment streaming segment, including Disney+ and Hulu, generated $5.53 billion in revenue, an 11% increase attributed to subscriber growth and advertising. Additionally, the sports segment led by ESPN generated $4.5 billion. Disney also announced plans to increase share repurchases to at least $9 billion in fiscal 2026.