Overview
- Disney posted about $25.2 billion in fiscal Q2 revenue with adjusted earnings of $1.57 per share, topping forecasts as the stock rose roughly 7% to 8%.
- Direct-to-consumer streaming, which includes Disney+ and Hulu, recorded about an 88% jump in operating profit as price increases, more ads, and user growth pushed margins higher.
- Parks, cruises, and products revenue reached $9.5 billion, up 7%, with higher guest spending helping offset a 1% drop in U.S. park attendance and a 2% gain in global visits.
- Net income fell year over year to about $2.47 billion from $3.4 billion because of higher sports rights and production costs, including the NFL Network deal, and ESPN’s benefits slipped around 5%.
- Management announced at least $8 billion in share buybacks for this fiscal year and projected double-digit earnings growth for 2026 and 2027 as it invests in content, global expansion, and tech-led monetization.