The Walt Disney Company reported a total revenue of $25.2 billion for the quarter ended March 28, 2026, marking a 7% increase from $23.6 billion in the same quarter of the previous year. For the six-month period, revenues rose to $51.1 billion, up 6% from $48.3 billion. However, net income attributable to Disney decreased to $2.2 billion, or $1.27 per diluted share, down 31% from $3.3 billion, or $1.81 per share, in the prior-year quarter. The decline in net income was attributed to a significant tax benefit recognized in the previous year related to a tax matter resolution.
The company's service revenues increased by 7% to $22.7 billion, driven by higher subscription and affiliate fees, as well as growth in parks and experiences. The Fubo and NFL transactions contributed approximately 2 percentage points to this growth. Product revenues also saw a 5% increase, reaching $2.5 billion, primarily due to growth in parks and experiences. Total costs and expenses rose to $21.4 billion, an increase of 6%, with notable increases in cost of services and selling, general, and administrative expenses.
Strategically, Disney has made significant acquisitions, including the NFL Network and related media assets, which were integrated into its financial results starting January 31, 2026. The company also completed a transaction with FuboTV, enhancing its streaming service offerings. These acquisitions are expected to expand audience reach and improve content accessibility. Additionally, Disney announced a restructuring of its games business, which will now fall under the Entertainment segment, effective from fiscal 2027.
Operationally, Disney's parks and experiences segment reported a revenue increase of 7% to $9.5 billion, with theme park admissions growing by 6% and resorts and vacations revenue increasing by 9%. Attendance at domestic parks remained stable, while international parks saw a 4% increase. The company’s employee headcount has also seen changes, reflecting adjustments in response to operational needs and strategic initiatives.
Looking ahead, Disney anticipates continued revenue growth driven by its strategic acquisitions and the expansion of its parks and experiences segment. However, the company also faces challenges, including rising costs and competitive pressures in the media landscape. The outlook remains cautious, with management emphasizing the need to navigate market conditions effectively while focusing on long-term growth strategies.
About Walt Disney Co
The Walt Disney Company is a global entertainment conglomerate engaged in media networks, film and television content production, theme parks, resorts, consumer products, and licensing. Its core segments include Entertainment, Sports, and Experiences, offering streaming services, cable channels, theatrical releases, and theme park attractions worldwide. Disney's value lies in its extensive intellectual property, diverse content library, and integrated business model across entertainment, leisure, and consumer products.
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