Disney beats Q3 estimates as streaming profit doubles

Retail & Consumer Media Written by: Angela Harmantas 10:15 Wed 05 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Walt Disney Co ( NYSE:DIS XETRA:WDP ) View Price & Profile Disney beats Q3 estimates as streaming profit doubles Published: 10:15 05 Aug 2026 EDT Walt Disney Co (NYSE:DIS, XETRA:WDP) on Wednesday reported fiscal third-quarter results that topped Wall Street estimates, driven by a doubling of streaming profit and record domestic theme park revenue. Adjusted earnings per share came in at $2.06, up 28% from a year earlier and well above the $1.86 analysts had forecast. Revenue rose 7% to $25.2 billion, just short of the $25.4 billion estimate. Operating income climbed 21% to $5.6 billion, beating expectations of $5.2 billion. Shares rose 2% on Wednesday morning. Entertainment streaming operating income more than doubled to about $712 million, helped by subscription price increases and lower subscriber churn. The company's Entertainment segment posted $1.7 billion in operating income, up 64% year over year, while SVOD revenue reached $5.5 billion, an 11% increase, with a 13% operating margin. The Experiences division, which includes theme parks, generated $3 billion in operating income, up 20%, on record fiscal third-quarter revenue of nearly $10 billion. Domestic parks operating income grew 27%, supported by a 3% rise in attendance, a 4% increase in per capita spending, and a $100 million refund tied to a legal strike-down of global tariffs. International parks and experiences operating income fell 13%, which Disney attributed to weaker international travel and tourism. The Sports segment reported operating income of $858 million, down 17%, which the company linked to the timing of media rights payments, early-round sweeps in the NBA playoffs and an ongoing network carriage dispute. Free cash flow was $3.1 billion, up 63% from a year earlier but below the $3.61 billion estimate. Disney reaffirmed its full-year guidance, including adjusted EPS growth of about 12% excluding a 53rd week and about 16% including it. The company continues to project cash from operations of at least $19 billion and capital expenditures of about $9 billion for the year. For the fourth quarter, Disney guided operating income to approximately $4.9 billion, roughly in line with the $4.99 billion analysts expected. The quarter's box office performance was buoyed by "Toy Story 5," which surpassed $1 billion in global ticket sales, a result the company said also lifted streaming engagement and merchandise sales. Separately, Disney and TikTok announced a deal allowing creators to use assets from Disney's film and television library to make fan videos for the platform, with select content set to appear on Disney+. Disney also said it is shifting its consumer products business into its Studios division as part of an internal reorganization. Continue reading