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Disney Makes Its 2026–2027 Case With Parks Cash, EPS Targets and a Mid-Teens Multiple

Strong park-cruise profits signal resilience despite a tougher streaming race.

Overview

  • Disney’s experiences segment produced about $36 billion in fiscal 2025 revenue and nearly $10 billion in operating profit.
  • Management expects double-digit EPS growth in fiscal 2026 and fiscal 2027, with the stock near 17 times projected fiscal 2025 earnings.
  • The company’s streaming operation is described as performing well, though it faces heavy competition from major rivals.
  • Disney continues to lead the box office, with multiple potential 2026 releases noted as likely draws, yet theater economics remain uncertain.
  • Competitive pressure is intensifying as reports indicate Netflix has offered roughly $72 billion for Warner Bros. Discovery, with a potential acquisition characterized as likely.