Overview

• Disney’s fiscal third-quarter revenue rose 2% to $23.7 billion and adjusted earnings per share climbed to $1.61, surpassing analyst expectations.
• The company raised its full-year adjusted EPS guidance by 10 cents to $5.85, reflecting confidence in its profit-focused strategy.
• Streaming revenue grew 6% to $6.2 billion as Disney+ and Hulu swung to a combined operating profit of $346 million, up from a loss in the prior year.
• The parks, experiences and consumer products segment saw operating income increase 13% to $2.5 billion, with domestic parks profit up 22%.
• Disney struck a deal granting the NFL a 10% equity stake in ESPN and will launch its standalone ESPN app on August 21, while targeting 10 million new subscribers through its Charter partnership.