Disney Surpasses Q3 Earnings Expectations on Strong Theme Park and Streaming Growth

Disney's fiscal Q3 earnings beat expectations, driven by strong theme park revenue and streaming growth.

The company reported adjusted earnings of $2.06 per share, surpassing Wall Street estimates of $1.85. Revenue rose 7% year-over-year to $25.25 billion, narrowly missing the expected $25.41 billion.

Disney's experiences segment, which includes theme parks and cruises, saw revenue jump 10% to $9.97 billion. U.S. park attendance increased by 3%, with guests spending 4% more per visit.

The entertainment streaming business, mainly Disney+, and Hulu, reported an 11% revenue increase to $5.53 billion, driven by higher subscriber numbers, prices, and ad revenue.