Global Finance News
02 Feb 2026, 19:05
The Walt Disney Company reported its first-quarter fiscal 2026 earnings for the period ended December 27, 2025, showing revenue growth alongside lower profitability driven by higher costs in key segments.
Revenue rose 5% year over year to $26.0 billion, while income before income taxes was $3.7 billion, roughly in line with the prior year. Total segment operating income declined 9% to $4.6 billion, and diluted EPS decreased to $1.34 from $1.40 a year earlier. Adjusted EPS fell to $1.63 from $1.76.
In Entertainment, revenue increased 7%, but operating income dropped to $1.1 billion as higher programming, production, and marketing expenses outweighed gains from subscriptions, affiliate fees, and theatrical releases. Streaming (SVOD) revenue grew 11%, with operating income improving by $189 million to $450 million, lifting the streaming operating margin to 8.4%. Advertising revenue declined 6%, reflecting the absence of prior-year political advertising and the impact of portfolio changes.
The Sports segment posted operating income of $191 million, down $56 million year over year, as higher programming and production costs and lower affiliate fees more than offset a 10% increase in advertising revenue. A temporary suspension of YouTube TV carriage negatively affected segment operating income by approximately $110 million.
Experiences delivered a standout quarter, reporting record revenue of $10.0 billion and segment operating income of $3.3 billion. Domestic Parks & Experiences operating income grew 8%, supported by a 1% increase in attendance and a 4% rise in per capita spending.
Source: Business Wire
Revenue rose 5% year over year to $26.0 billion, while income before income taxes was $3.7 billion, roughly in line with the prior year. Total segment operating income declined 9% to $4.6 billion, and diluted EPS decreased to $1.34 from $1.40 a year earlier. Adjusted EPS fell to $1.63 from $1.76.
In Entertainment, revenue increased 7%, but operating income dropped to $1.1 billion as higher programming, production, and marketing expenses outweighed gains from subscriptions, affiliate fees, and theatrical releases. Streaming (SVOD) revenue grew 11%, with operating income improving by $189 million to $450 million, lifting the streaming operating margin to 8.4%. Advertising revenue declined 6%, reflecting the absence of prior-year political advertising and the impact of portfolio changes.
The Sports segment posted operating income of $191 million, down $56 million year over year, as higher programming and production costs and lower affiliate fees more than offset a 10% increase in advertising revenue. A temporary suspension of YouTube TV carriage negatively affected segment operating income by approximately $110 million.
Experiences delivered a standout quarter, reporting record revenue of $10.0 billion and segment operating income of $3.3 billion. Domestic Parks & Experiences operating income grew 8%, supported by a 1% increase in attendance and a 4% rise in per capita spending.
Source: Business Wire
