Walt Disney Co. posted $25.2 billion in quarterly revenue on Wednesday, August 5, 2026, shy of Wall Street expectations with strong domestic theme park attendance and a $1 billion global box office haul from Toy Story 5
.
The Burbank, California-based entertainment giant reported that per-share earnings rose 28 percent from a year ago to an adjusted $2.06, beating analyst forecasts of $1.86 per share. While overall revenue climbed 7 percent, it fell slightly shy of Wall Street’s predicted $25.4 billion. Alongside the financial results, Disney announced a strategic deal with TikTok and an agreement to sell its stake in A+E Global Media to Hearst Corporation.
Disney Parks Post Strong Domestic Results While Universal Cautions on Orlando Softness
America’s major theme park operators presented divergent views of the tourism economy during their respective earnings announcements. Just weeks after Comcast warned analysts of an overall demand drop and a 5 percent quarterly profit decline at Universal parks in Orlando, Florida — citing higher fuel and airline prices alongside waning consumer confidence — Disney reported robust metrics across its domestic properties.
In the quarter that ended on June 27, Disney’s domestic parks and cruise business generated $7.12 billion in revenue, an 11 percent increase compared to the previous year. Profit for the division jumped 27 percent to $2.1 billion, buoyed by the arrival of a new cruise liner, the Destiny, and a 7 percent increase in souvenir and food sales.
Overall attendance across Disney’s U.S. parks climbed 3 percent, driven by domestic tourists and annual passholders. Obviously, we’re gaining share,
Hugh Johnston, Disney’s chief financial officer, said in an interview, suggesting the company captured visitors from competing destinations.
External analysts pointed to targeted promotions as a key driver. Disney has successfully delivered marketing and discounting campaigns targeting young families on both coasts,
said Gavin Doyle, operator of the independent theme park news site MickeyVisit, who also noted the spring debut of Bluey
live shows at U.S. parks.
Toy Story 5 Drives Consumer Products and Streaming Engagement
The theatrical performance of Toy Story 5
translated directly into financial gains across multiple corporate segments. The film generated over $1 billion at the global box office during the quarter, fueling merchandise sales that delivered Disney its strongest year-over-year growth in consumer products revenue in 20 quarters.
The animated hit also drove increased viewership of earlier Toy Story
films on the Disney+ streaming service. Disney’s Entertainment group reported $11.3 billion in revenue, marking a 6 percent gain from the prior year.
“The consistent investments that we’ve made over time, combined with the fact that the experience Disney provides to its fans, it’s truly differentiated and highly valued.”
Josh D’Amaro, CEO of The Walt Disney Co.
Media Deals: TikTok Partnership and A+E Stake Sale to Hearst
Disney announced a global short-form content sharing agreement with TikTok on Wednesday. The deal permits TikTok creators to incorporate characters and scenes from Disney movies and television shows into short-form videos, marking an industry-first arrangement between the social media platform and a traditional media company. Content generated through the partnership will also feed into the Disney+ application.
Concurrently, Disney reached an agreement to sell its 50 percent stake in A+E Global Media — operator of the History and Lifetime channels — to co-owner Hearst Corporation. An affiliate of Hearst will pay an estimated $1.2 billion in cash proceeds for the stake.
Disney stated that it will direct these proceeds toward repurchasing company shares, bringing the total value of its fiscal 2026 share repurchases to at least $9 billion.
Tariff Refunds, Sports Results, and Future Guidance
The company’s experiences segment operating income of $3 billion — a 20 percent year-over-year gain — was partially aided by a $100 million tariff refund.
