Disney earnings top expectations as streaming services and theme parks boost revenue

The Walt Disney Company reported quarterly results that beat expectations, with growth driven by its streaming and theme park businesses in its first earnings release under CEO Josh D’Amaro.

Shares rose about 4 percent in premarket trading following the announcement.

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The company posted revenue of $25.17 billion for its fiscal second quarter, above analyst forecasts of $24.78 billion, according to LSEG.

Revenue increased 7 percent compared with the same period last year while adjusted earnings per share came in at $1.57.

Disney’s experiences segment, which includes parks and cruises, generated nearly $9.5 billion in revenue, up 7 percent year on year. While global attendance rose slightly, domestic visits dipped, though spending per guest increased.

“We continue to see a strong consumer. While there may be some concerns around the macros and specifically around the price of fuel, we have not seen any evidence of that,” Disney chief financial officer Hugh Johnston told CNBC.

He added bookings for the second half of the year “are quite strong.”

The entertainment division, which includes streaming and film, saw revenue rise 10 percent to $11.72 billion, supported by subscription growth and recent box office releases.

Disney said it expects around 12 percent growth in adjusted earnings for 2026 and plans at least $8 billion in share buybacks as it continues to invest in its core businesses.