Walt Disney Co. posts strong Q3 2026 earnings on streaming growth and park performance
The Walt Disney Company reported third‑quarter fiscal 2026 revenue of $25.2 billion, a 7 % year‑over‑year increase. Adjusted earnings per share rose 28 % to $2.06, and total operating income reached $5.56 billion, up 21 %.
Streaming services Disney+ and Hulu generated $712 million of operating income, more than double the prior year, while subscription revenue grew 15 % to $4.7 billion. The blockbuster "Toy Story 5" earned over $1 billion worldwide, driving merchandise sales and boosting the streaming franchise.
The Experiences segment, which includes Disney’s six global theme parks, cruise line and licensing, posted operating income of $3.02 billion, a 20 % rise, with domestic park attendance up 3 % and guest spending higher. Disney announced a short‑form content‑sharing partnership with TikTok that lets creators use Disney characters in videos. The company also sold its 50 % stake in A+E Global Media to Hearst for $1.2 billion, directing the proceeds to its share‑repurchase program, raising the fiscal‑2026 buy‑back target to at least $9 billion.
Entities: A+E Global Media · Hearst Corporation · Hugh Johnston · Josh D'Amaro · Josh D’Amaro · The Walt Disney Company · TikTok · Toy Story 5
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 5 SOURCES] Disney reported third‑quarter revenue of $25.2 billion, up 7 % year over year. (Disney Q3 earnings)
- [● 2 SOURCES] Disney's shares rose about 4 % in pre‑market trading after the earnings announcement. (Market reaction)
- [● 3 SOURCES] Disney will use the proceeds to repurchase shares, raising its fiscal‑2026 buy‑back target to at least $9 billion. (Share‑repurchase plan)
- [● 3 SOURCES] Disney announced a short‑form content sharing deal with TikTok allowing creators to use Disney characters in videos. (c6588177-4ce2-4273-a63c-518c32670083, 98b4f583-82a1-4b7e-8afe-5da198ce0123, c8041cd2-0a43-4764-8c04-991bb8320096)
- [● 3 SOURCES] Attendance at U.S. Disney parks increased by about 3‑4 % compared with the previous year. (Park performance)
- [● 7 SOURCES] Adjusted earnings per share were $2.06, up 28 % from a year earlier. (c6588177-4ce2-4273-a63c-518c32670083, 79b582d1-9ca3-482a-a93c-c041a06762ce, 98b4f583-82a1-4b7e-8afe-5da198ce0123, da544c)
- [● 4 SOURCES] Disney sold its 50 % stake in A+E Global Media to Hearst for roughly $1.2 billion in cash. (c6588177-4ce2-4273-a63c-518c32670083, 79b582d1-9ca3-482a-a93c-c041a06762ce, da544cf7-970f-461f-ad0c-0b31b5d7615d)
- [● 4 SOURCES] The Experiences division's operating income rose to $3.0 billion, a 20 % increase year over year. (Segment performance)
- [● 2 SOURCES] Subscription revenue rose 15 % to $4.7 billion. (0d952e98-cccf-4c57-9820-626a16c0e3e5, c6588177-4ce2-4273-a63c-518c32670083)
- [● 4 SOURCES] The film 'Toy Story 5' earned over $1 billion worldwide and boosted merchandise sales. (c6588177-4ce2-4273-a63c-518c32670083, 98b4f583-82a1-4b7e-8afe-5da198ce0123, c8041cd2-0a43-4764-8c04-991bb8320096, 9c7a58)
- [● 2 SOURCES] Disney+ and Hulu generated $712 million of operating income, more than double the prior year. (0d952e98-cccf-4c57-9820-626a16c0e3e5, c6588177-4ce2-4273-a63c-518c32670083)
- [○ 1 SOURCE] Total operating income for the quarter was $5.56 billion, a 21 % increase year‑over‑year. (c6588177-4ce2-4273-a63c-518c32670083)