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Overview
- Quarterly revenue came in at $22.4 billion, down 0.5% year over year, with net income rising sharply to $1.31 billion, though some outlets cited $1.44 billion.
- Results diverged by segment as entertainment revenue fell 6% to $10.2 billion, while parks revenue grew 6% to $8.76 billion.
- Streaming improved with Disney+ reaching 131.6 million subscribers, up 3% year over year, and profitability rising across the direct-to-consumer business.
- Studio and linear TV weakness weighed on entertainment, including a reported 26% drop in film and TV production revenue and a $52 million loss for that division.
- The stock fell more than 4% premarket and was later down about 8% after the company warned of a potential prolonged YouTube TV carriage dispute; Disney projected double-digit adjusted EPS growth, cautioned on a weaker fiscal Q1 2026, and increased its dividend by 50%.