Disney Reports Strong Third Quarter Under CEO Josh D’Amaro
Disney’s third quarter and the first full financial quarter under CEO Josh D’Amaro delivered strong results across nearly every part of the company.
The success and growth were fueled by Disney Experiences, Disney+, ESPN, and the blockbuster success of Toy Story 5.
Photo: Mark Abramson for The New York Times
According to Deadline, revenue increased 7% to $25.2 billion, while adjusted earnings rose to $2.06 per share, surpassing Wall Street expectations.
Operating income also climbed 21% to $5.6 billion.
Strong Growth
Photo: Washington Post
Disney Experiences continued to be a major driver of the company’s success. Revenue reached nearly $10 billion, while operating profit increased 20% to more than $3 billion.
Attendance at U.S. parks rose 3%, with Walt Disney World seeing healthy growth from both vacation guests and Annual Passholders.
Disney also said forward bookings remain strong, even as international visitation has slowed slightly. The opening of World of Frozen at Disneyland Paris also helped boost attendance overseas.
Entertainment and Streaming
Disney+
Disney’s entertainment division posted strong gains, helped by Toy Story 5, which has already earned more than $1 billion at the global box office.
Disney+ also had a strong quarter. Streaming profits more than doubled, subscription revenue increased, and customer cancellations declined.
Disney also completed a major update that lets Hulu subscribers link profiles and manage their subscriptions directly through Disney+.
The Future
Photo: Josh D’Amaro on Instagram
Disney announced several new initiatives, including moving its consumer products division under its entertainment business in 2027 and expanding ESPN content available on Disney+ later this year.
The company also shared plans to expand its lineup of Disney+ original series worldwide and said it expects to begin introducing new membership-style benefits for Disney+ subscribers in spring 2027.
Photo: Shutterstock
Overall, Disney said its latest results reflect the strength of its franchises, theme parks, streaming services, and sports business as the company continues building for future growth.
Stay tuned and follow along with us at MickeyBlog to stay updated on this and all things Disney.
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Article Source/ Feature Photo: Dateline
