Disney (DIS) earnings Q1 2026

Disney reported quarterly revenue and earnings on Monday that topped analyst expectations, lifted by its theme parks, resorts and cruises segment. 

The experiences unit reported more than $10 billion in quarterly revenue for the first time, CFO Hugh Johnston told CNBC. 

Disney’s domestic theme parks recorded $6.91 billion in revenue, while its international parks reported $1.75 billion in revenue, each up 7% compared with the prior-year period. In particular, Disney saw attendance rise at its domestic theme parks, while “international visitation was softer,” Johnston said. 

Here’s how Disney performed in its fiscal first quarter, ended Dec. 27, compared with what Wall Street expected, according to LSEG: 

• Earnings per share: $1.63 adjusted vs. $1.57 expected
• Revenue: $25.98 billion vs. $25.74 billion expected

Net income for the quarter was $2.48 billion, or $1.34 per share, down from $2.64 billion, or $1.40 per share, in the same period a year earlier. Adjusting for one-time items, including tax charges related to a deal with Fubo, Disney reported $1.63 in earnings per share. 

Overall revenue for the company’s fiscal first quarter was roughly $26 billion, up 5% year over year. 

In Disney’s outlook for fiscal 2026 the company said it’s on track to repurchase $7 billion in stock. It also expects double-digit growth in adjusted earnings per share and $19 billion in cash provided by operations. 

For its fiscal second quarter, Disney said it projects its streaming unit – which consists of Disney+ and Hulu – to notch about $500 million in operating income, or an increase of roughly $200 million compared with the same period last year. 

Its experiences unit, however, is expected to see “modest” growth in operating income due to international visitation headwinds at domestic parks, as well as prelaunch costs for a new Disney Cruise line and preopening costs for “World of Frozen” at Disneyland Paris. 

“Overall, our results this quarter reflect our hard work and strategic investments across each of our priorities, and I’m incredibly proud of all that we’ve accomplished over the past three years to set Disney on the path to continued growth,” said CEO Bob Iger on Monday’s call with investors. “I’m inspired and energized by the opportunities ahead for this wonderful company.”

Disney shares were down 7% in early trading following the release.

In the background of Disney’s earnings report on Monday is the question of who will be named the successor to Iger. 

It’s the second time Disney is choosing a replacement for Iger after naming Bob Chapek as CEO in 2020 and then swiftly firing him in 2022, bringing Iger back into the top spot. By that point, Disney’s stock had declined as the company and Iger were faced with improving Disney’s position in the theatrical landscape, as well as uplifting the parks. 

“Turbocharging the parks, bringing streaming to profitability and double-digit margins, and improving the theatrical business, bodes well…