Disney Posts Strong Quarterly Results, Jumpstarting Josh D’Amaro Era

disney The company reported strong results for its fiscal second quarter on Wednesday, marking a successful start to the Josh D’Amaro era.

Total revenue reached $25.2 billion, up 7% year-over-year. import Excluding certain items, the stock price per share was $1.57. Both indicators beat the consensus forecast of Wall Street analysts.

Company entertainment streaming Operating profit increased 88% to $582 million. The company credited subscriber growth, price increases, and increased ad exposure to a wave of popular titles including: zootopia 2moved from a $1.9 billion theatrical release to Disney+ in March.

This quarter marks the company’s first with D’Amaro as CEO. The longtime executive led Disney’s Experiences division until he was selected to succeed Bob Iger for the top job in February after a closely tracked succession process was completed. In addition to His remarks at the company’s annual general meeting of shareholdersThe quarterly earnings call later Wednesday was supposed to give D’Amaro his first opportunity to talk to Wall Street about his strategic goals. He also outlined elements of his strategic vision in a letter to shareholders accompanying the financial results.

The letter identified three key strategic pillars: IP investment; Improve customer reach and engagement and lean on technology. “Disney’s unique competitive advantage is its ability to create characters, stories and franchises that create lasting relationships with audiences around the world,” D’Amaro and CFO Hugh Johnston wrote in the letter. “We engage these audiences across streaming, theatrical, sports, consumer products, experiences and gaming. What begins as a single creative investment can evolve into a decades-long relationship that spans platforms, geographies and generations. We believe these strengths support continued revenue growth and cash flow generation.”

Disney shares, which have fallen 12% so far in 2026, rose more than 4% in pre-market trading Wednesday following the earnings report.

Entertainment segment sales increased 10% to $11.7 billion, and operating profit increased 6% to $1.34 billion. Subscription and affiliate revenue increased 14% year-over-year. Disney Entertainment advertising revenue increased nearly 5% year-over-year, with the Fubo deal contributing more than 1%. “This growth reflects expanding streaming revenues more than offsetting declining linear revenues,” the company said in its earnings call. “We currently generate more entertainment subscriptions, affiliate fees, and advertising revenue from SVOD than from linear TV,” the company continued, adding that it expects “the mix shift from linear to streaming to continue.”

Zootopia 2 It set a record $1.9 billion at the global box office, sparking anticipation for a sequel and launching a franchise that has been watched over a billion hours on Disney+.

The company was also flagged. Predator: WastelandCelebrating the 20th anniversary Hannah MontanaSeason 2 of Paradise on Hulu and FX Love Story: John F. Kennedy Jr. and Carolyn Bessette With streaming success. Recent theater hits Avatar: Fire and Ash and hopper It will soon be released on Disney+ along with the final season. bear On Disney+ and Hulu. Disney+ has also made progress outside the U.S. with notable series, including: battle of fate Korea and rival The second season premieres next week in the UK.

Sports have become more difficult, as has the lack of football in the quarter. ESPN Homes’ total revenue increased 2% to $4.6 billion, while operating profit decreased 5% to $652 million due to increased rights costs.

Amid challenging economic conditions due to the war in Iran and other factors weighing on air travel and tourism, the Experiences segment posted revenue of $9.5 billion, up 7%, and operating profit rose 5% to $2.6 billion. However, domestic park attendance fell 1% compared to the previous quarter, which the company attributed to “a continued slump in international visitors.”

Disney said it was “starting to see the headwinds in attendance that our domestic parks have faced over the past year” as consumers struggle with inflation. “While we acknowledge the potential impact of global macro uncertainty on consumers, we are encouraged by current demand and expect domestic park attendance in the third quarter to improve compared to our second quarter results,” the earnings release said.