Today, new Disney CEO Josh D’Amaro reported Q2 revenue that exceeded analyst expectations, once again driven by its streaming and theme park units.
In Q2, the company’s Experiences segment, which includes Disney’s theme parks and cruises, reported nearly $9.5 billion in revenue, up 7% year over year.
While global guest attendance increased by 2%, domestic park visitation decreased by 1% compared to 2025.
In his first letter to shareholders, D’Amaro wrote:
“At an important moment of change for Disney, we remain focused on executing our long-term growth strategy. Our creative and operational momentum drove strong quarterly results, and we continue to expect growth to accelerate in the second half of the fiscal year. We are strengthening streaming through continued investment in the creative storytelling that defines us and in product and technology innovation, while advancing ESPN’s direct-to-consumer future, and delivering on our bold growth plans at Disney Experiences.”
“Our segments’ Q2 operating income results modestly exceeded our prior guidance. Stronger-than-expected revenue growth was the primary driver of the outperformance.”
Disney’s Q2 Highlights Included:
• Revenues increased 7% for the second quarter to $25.2 billion from $23.6 billion in Q2 fiscal 2025.
• Income before income taxes increased 9% to $3.4 billion from $3.1 billion in Q2 fiscal 2025.
• Expected fiscal 2026 adjusted EPS growth of approximately 12%
• Disney is targeting at least $8 billion in share repurchases in fiscal 2026.
• Disney continues to expect double-digit growth in adjusted EPS in fiscal 2027.
D’Amaro, previously chairman of Disney Experiences, took over from veteran Bob Iger in March.
Disney shares gained roughly 4% in premarket trading following the announcement.
By CEO NA Editorial Staff
