Disney earnings beat estimates as new CEO outlines growth strategy
Streaming profits and stronger park spending helped Disney top forecasts, while Josh D'Amaro outlined a 12% adjusted earnings growth target for fiscal 2026.
- On Wednesday, Disney reported fiscal Q2 revenue of $25.2 billion, up 7 percent, marking the first earnings call led by CEO Josh D'Amaro since he replaced Bob Iger in March.
- In February, Disney provided guidance calling for "modest" growth in operating income for its experiences division, citing international visitation headwinds at domestic parks. The unit reported revenues of $9.5 billion, up 7 percent.
- Disney's entertainment division generated $11.7 billion in revenue, up 10 percent, while Sports, mostly ESPN, earned $4.6 billion. Traditional TV remains a cash driver as investors monitor streaming performance.
- D'Amaro and CFO Hugh Johnston introduced a strategy built on "three pillars," including investing in IP, reaching consumers, and using advanced technologies to power storytelling. The executives outlined a long-term vision for the company.
- Targeting 12 percent adjusted EPS growth this year, Disney raised its share buyback goal to $8 billion as streaming consolidation reshapes the competitive landscape with rivals like Paramount and HBO Max.
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Disney CEO outlines vision for company as revenue increases
Walt Disney Co.’s theme parks and cruise line business held steady in the fiscal second quarter despite broader concerns about macroeconomic uncertainty, such as rising fuel costs. The company’s experiences division reported $9.5 billion in revenue in its fiscal second quarter, up 7% compared with the same period a year ago. The increase was attributed [...]
'Powerful accelerant': Josh D'Amaro discusses how AI technology could be used at Disney theme parks
Disney is turning to artificial intelligence to help Disney World guests plan vacations, give personalized recommendations for shows on Disney+, and forecast labor demand at its theme parks, the company’s leaders said. After taking over in March, Disney CEO Josh D’Amaro gave an update on how The Mouse is using AI while discussing his overall company strategy. D’Amaro spoke to the investor community during Wednesday’s earnings call as Disney’s s…
US stocks today: Disney earnings beat estimates as new CEO outlines growth strategy
Walt Disney's new Chief Executive Josh D'Amaro laid out his strategy for the entertainment company Wednesday, saying it would remain committed to creative excellence, strengthen its streaming business, capitalize on the power of live sports and continue to invest in its theme parks and cruise lines.
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Disney shares jump after results top expectations
Disney shares jumped in pre-market trading Wednesday as the entertainment giant reported better than expected revenues and profits, thanks in part to growth in its streaming business.
Driven by the strong growth of online video, The Walt Disney Company publishes results that exceed expectations and takes a symbolic course. ...
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