Disney Tops Earnings Estimates in CEO Josh D'Amaro's First Full Quarter

Disney posted mixed fiscal Q3 2026 results in CEO Josh D'Amaro's first full quarter at the helm, with adjusted earnings per share of $2.06 beating the Street's $1.86 estimate while revenue of $25.17 billion came in just under the $25.38 billion analysts expected . The experiences segment, which covers global theme parks and cruises, drove the beat with revenue up 10% year over year to $9.97 billion, as US park attendance rose 3% and per-capita spending climbed 4% .

Streaming also strengthened: combined Disney+ and Hulu operating income more than doubled to $712 million from $329 million a year earlier, on revenue up 11% to $5.53 billion . The entertainment segment's operating income jumped 64% to $1.7 billion, helped by Toy Story 5 crossing $1 billion at the worldwide box office . Disney's CFO credited D'Amaro's leadership for the parks momentum since he was elevated from head of Experiences to CEO in March .

Disney also confirmed it will sell its 50% stake in A+E Global Media to an affiliate of Hearst for $1.2 billion in cash, trimming a legacy media holding as the company leans further into parks and streaming . With DIS shares reacting to the print, investors will watch whether attendance and per-capita spending gains hold up outside the US, where Disney did not break out comparable figures this quarter, and whether streaming margins can keep expanding as content costs normalize.

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