Key Points – Disney reported a strong fiscal third quarter: Revenue rose 7% and total segment operating income increased 21%, exceeding prior operating-income guidance.
Management reaffirmed its outlook for double-digit adjusted EPS growth in fiscal 2026 and 2027. – Experiences and streaming led growth
Experiences revenue reached a record $10 billion, up 10%, while streaming achieved a 13% operating margin and remains on track for double-digit margins in fiscal 2026. – Disney is increasing investment while boosting shareholder returns. The company plans approximately $9 billion in capital expenditures, $24 billion in content spending and at least $9 billion in share repurchases during fiscal 2026, while expanding its Disney+ platform, sports offerings and AI initiatives. – 3 Stocks Standing Out and 2 Losing Momentum as the Tech Rally Cracks Walt Disney (NYSE:DIS) reported fiscal third-quarter results that management said exceeded its prior operating-income guidance, led by record performance at Disney Experiences and continued gains in streaming and sports. Chief Executive Officer Josh D’Amaro said total segment operating income increased 21% from the prior-year quarter while company revenue rose 7%. “This was an excellent quarter for us,” D’Amaro said, adding that the company’s results and reiterated full-year outlook indicated it was operating “from a real position of strength.” He said Disney’s Experiences, Disney+ and ESPN platforms each expanded their respective audiences, users or guest bases during the quarter.
Experiences segment posts records – Fairy Dust Works: Disney’s Stock Price Rises as Business Accelerates Disney Experiences generated record fiscal third-quarter revenue and segment operating income, according to management. D’Amaro said segment revenue reached $10 billion, up 10% from a year earlier. Global guest volume increased 4%, while domestic parks attendance rose 3% and domestic per-capita spending grew 4%.