Disney Crushes Q3 Earnings Estimates with Streaming and Parks Growth

Walt Disney Company's (DIS) third-quarter fiscal 2026 earnings exceeded expectations, driven by strong performances in both its streaming and theme parks businesses.

The company reported a 7% year-over-year increase in revenues to $25.25 billion, with total segment operating income climbing 21% to $5.6 billion.

Disney's Experiences segment, which includes its parks, cruises, and consumer products business, generated record third-quarter revenue of nearly $10 billion, up 10%, thanks in part to a 4% increase in global guest counts and higher per-capita spending at domestic parks.

The company's streaming services, including Disney+ and Hulu, more than doubled their operating income to $712 million from $329 million a year earlier, with revenues increasing 11% to $5.53 billion and an operating margin of roughly 13%.