economy

February 2, 2026

Disney beats Wall Street expectations propelled by theme parks and streaming

In the background of Disney's earnings report on Monday is the question of who will be named the successor to CEO Bob Iger.

Disney beats Wall Street expectations propelled by theme parks and streaming

TL;DR

  • Disney's first-quarter revenue and earnings surpassed analyst forecasts.
  • The experiences segment, including theme parks, achieved over $10 billion in quarterly revenue for the first time.
  • Domestic theme park revenue rose 7% year-over-year, while international parks saw softer visitation.
  • The company anticipates repurchasing $7 billion in stock and achieving double-digit growth in adjusted earnings per share by fiscal 2026.
  • Disney projects its streaming unit (Disney+ and Hulu) to generate approximately $500 million in operating income for the fiscal second quarter.
  • The entertainment division's operating income declined 35% year-over-year.
  • Revenue for the sports segment increased 1%, but operating income decreased 23% due to higher costs and subscriber losses.
  • Disney has stopped reporting specific details for the entertainment segment and subscriber numbers for streaming services.
  • Key figures like Josh D'Amaro and Dana Walden are considered front-runners to succeed CEO Bob Iger.
  • Disney shares fell 7% in early trading following the earnings report.

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