The Walt Disney Company reported quarterly earnings and revenue that topped Wall Street expectations, driven largely by strong performance at its theme parks, resorts, and cruise business, according to CNBC.
For its fiscal first quarter ended December 27, Disney posted adjusted earnings of $1.63 per share on revenue of $25.98 billion.
Analysts surveyed by LSEG had expected earnings of $1.57 per share and revenue of $25.74 billion. Overall revenue rose 5 percent from a year earlier.
Disney said its streaming profit surged, while warning that fewer foreigners are visiting its U.S. theme parks, as investor attention turns to an expected announcement of its next CEO https://t.co/0eiBFW35JN
— The Wall Street Journal (@WSJ) February 2, 2026
Disney’s experiences unit generated more than $10 billion in quarterly revenue for the first time. Domestic theme park revenue rose 7 percent, while international parks also grew, though at a slower pace. Attendance increased at U.S. parks.
The company forecast double-digit growth in adjusted earnings per share for fiscal 2026 and plans to repurchase $7 billion in stock.
Disney also expects its streaming business to post improved operating income, even as rising sports programming costs pressure ESPN results.
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TIPP Staff
TIPP Staff
TIPP Staff
