Disney beat earnings estimates with $25.98B revenue, driven by box office hits, parks, and streaming growth.

Disney reported stronger-than-expected financial results for its fiscal first quarter ended December 27, 2025, with adjusted earnings per share of $1.63, exceeding analyst forecasts, and revenue of $25.98 billion, up 5% year-over-year. Growth was driven by box-office hits "Zootopia 2" and "Avatar: Fire and Ash," a record $10 billion in Experiences division revenue, and a 72% surge in streaming operating profit. Despite a decline in Sports segment income due to a YouTube TV dispute and higher production costs, Disney reaffirmed its outlook for double-digit annual earnings growth, a $7 billion share buyback, and a 10% streaming operating margin by year-end.