Companies · DIS
Walt Disney
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Aug 5, 2026
Disney Q3 FY2026: Record Experiences revenue, 21% segment OI growth, and streaming margins on track signal broad-based earnings acceleration.
Disney delivered a standout fiscal Q3 FY2026, with total segment operating income up 21% and Disney Experiences posting record revenue of $10 billion, up 10% year-over-year, driven by 4% global guest growth and 4% domestic per-cap spending gains. Streaming margins reached 13% SVOD operating margin in the quarter, with double-digit margins targeted for FY2026, while the advertising upfront produced double-digit volume growth and a sold-out Super Bowl inventory. The company raised its share repurchase guidance from $7 billion to at least $9 billion for fiscal 2026 and guided Experiences OI to the high end of its prior high-single-digit growth range, with both moves funded by the A&E transaction proceeds and freed OpenAI deal cash.
Tone: bullishRevenue
$94.4B
DIS 10-K · FY 2025
Employees
231,000
Revenue FY2024
$91.4B
Founded
1923
Profile
DIS 10-K Item 1 · Nov 13, 2025The Walt Disney Company is a diversified worldwide entertainment company operating across three segments: Entertainment, Sports, and Experiences. Entertainment encompasses global film and episodic content production and distribution through linear networks and direct-to-consumer streaming services including Disney+ and Hulu. Experiences encompasses theme parks, resorts, cruise lines, and consumer products licensing globally.
Read filing description ↓ Collapse description ↑
The Walt Disney Company, together with the subsidiaries through which businesses are conducted, is a diversified worldwide entertainment company with operations in three segments: Entertainment, Sports and Experiences. The Entertainment segment generally encompasses the Company's non-sports focused global film and episodic content production and distribution activities, including Linear Networks (domestic and international branded channels such as ABC, Disney, Freeform, FX and National Geographic), Direct-to-Consumer services (Disney+ and Hulu), and Content Sales/Licensing through theatrical distribution, TV/VOD and home entertainment. The Sports segment encompasses the Company's sports-focused global television and DTC video streaming content production and distribution, principally through ESPN and its branded channels, ESPN DTC, and ESPN on ABC. The Experiences segment includes domestic and international theme parks and resorts (Walt Disney World, Disneyland, Disneyland Paris, Hong Kong Disneyland, Shanghai Disney Resort, and royalties from Tokyo Disney Resort), Disney Cruise Line, Disney Vacation Club, and Consumer Products licensing and retail. The Company has a significant library of content spanning approximately 100 years of production history and licenses its IP to manufacturers, game developers, publishers and retailers throughout the world.
Primary products
- ABC Television Network
- Disney Channel
- Freeform
- FX Channels
- National Geographic Channels
- Disney+
Business segments
End markets
Geographies
Named customers
Named competitors
Revenue commentary · FY 2025
Total revenues increased 3% year-over-year, driven by higher subscription revenue, growth at parks and experiences businesses, and an increase in content sales, partially offset by the deconsolidation of Star India following the joint venture transaction with Reliance Industries in November 2024.
The rest of DIS is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.