Overview
- Adjusted EPS came in at $1.11, topping estimates, while revenue was roughly flat year over year at about $22.5 billion and missed forecasts.
- The board raised the annual cash dividend 50% to $1.50 per share and doubled the fiscal 2026 share repurchase target to $7 billion.
- Streaming operating income rose 39% to $352 million, with Disney+ and Hulu adding about 12.5 million subscriptions to reach roughly 196 million.
- Parks and Experiences generated about $1.9 billion in Q4 operating income and a record $10.0 billion for the full year.
- Linear networks and the studio business declined from a year ago, and a YouTube TV blackout of ESPN, ABC and other Disney channels that began after the quarter remained unresolved.