Disney powers past $25 billion in strong quarter

• Disney’s fiscal third-quarter revenue increased 7% to $25.25 billion, while segment operating income rose 21% to $5.56 billion.
• Adjusted EPS increased 28% to $2.06, while Disney shares were unchanged at $98.18 in premarket trading.
• Disney plans to move much of its Consumer Products business into its Entertainment segment during fiscal Q1 2027.

The Walt Disney Company (NYSE:DIS) reported fiscal third-quarter revenue of $25.25 billion, up 7%, as Experiences and Entertainment grew.

Revenue rose from $23.65 billion, while adjusted EPS increased 28% to $2.06 despite reported EPS falling to $1.51.

Streaming operating income more than doubled to $712 million, while Experiences income rose 20% to $3.02 billion, including a $100 million tariff refund.

Disney expects fourth-quarter segment operating income of about $4.9 billion.

Meanwhile, Disney agreed to sell its 50% A+E Global Media stake to Hearst for approximately $1.2 billion and plans additional share repurchases.

The company will move much of Consumer Products into Entertainment and add TikTok creator content to Disney+ Verts.