Disney Q3 earnings beat on Toy Story 5 and US parks

The Walt Disney Company reported strong fiscal third-quarter earnings on Wednesday, August 5, 2026, driven by the blockbuster performance of "Toy Story 5" and robust results from its U.S. theme parks. The company's adjusted earnings of $2.06 per share surpassed analyst expectations, though revenue of $25.25 billion slightly missed Wall Street forecasts. Shares climbed more than 3% in premarket trading following the announcement.

For the quarter ended June 27, Disney earned $2.64 billion, a significant drop from the $5.26 billion reported a year ago, which included substantial one-time benefits. The company's Experiences division, encompassing its global theme parks, cruise line, and merchandise licensing, was a key growth engine. The unit reported a 20% increase in operating income to $3.02 billion on revenue of $9.97 billion. Performance was led by a 27% rise in operating income at domestic parks, where overall attendance grew 3% year-over-year, fueled by domestic tourists, annual passholders, summer promotions, and new attractions. This strength helped offset a 13% decline in operating income for international parks, a trend the company had previously cautioned about, citing...