Disney Beats Earnings Expectations, Unveils TikTok Partnership

The Walt Disney Company posted strong third-quarter results, beating Wall Street's earnings expectations while narrowly missing revenue estimates.

Disney's revenue rose 7% year over year to $25.25 billion during the quarter, driven by its experiences and streaming businesses.

The company's experiences segment saw a 10% increase in revenue to $9.97 billion, while its streaming business posted an 11% rise to $5.53 billion.

Disney CEO Josh D'Amaro highlighted the value of franchise investments beyond the box office, citing titles like The Mandalorian and Moana that underperformed theatrically but continue to drive engagement across retail, theme parks, gaming, and streaming.