Walt Disney Company reported stronger-than-expected fiscal third-quarter results, with revenues rising 7% year over year to $25.25 billion and adjusted earnings per share of $2.06, up from $1.61 a year earlier. The Experiences segment, which includes parks, cruises, and consumer products, generated record quarterly revenues of nearly $10 billion, up 10%, while combined Disney+ and Hulu operating income more than doubled to $712 million. Management guided for fourth-quarter segment operating income of approximately $4.9 billion and reiterated full-year adjusted EPS growth of about 12%, while raising its share-repurchase target to at least $9 billion. Disney also announced a new content partnership with TikTok and expects Toy Story 5 to arrive on Disney+ by the end of 2026.
Walt Disney CompanyBeat Q3 estimates with strong earnings and raised buyback target.
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