Disney reported adjusted EPS of $2.06, exceeding forecasts, as parks and cost cuts drove earnings growth.
Disney posted fiscal third-quarter adjusted earnings per share of $2.06, topping analysts’ estimates of $1.86. Revenue rose 7% year over year to $25.17 billion, slightly below the $25.38 billion consensus.
The results marked the second quarter under CEO Josh D’Amaro, who highlighted cost-cutting efforts and growth in parks and streaming. Operating income climbed to $3.65 billion from $3.2 billion a year earlier. Disney also announced a $1.2 billion sale of its A+E Media stake, increasing its share buyback target to $9 billion from $8 billion.
Shares rose over 4% in premarket trading as the company reaffirmed 12% adjusted earnings growth for 2026 and double-digit growth beyond.