Disney Reports $25.2 Billion Revenue for January-March Quarter

Walt Disney reported revenue of $25.2 billion for the January through March period. This total exceeded analysts' average revenue expectations of $24.78 billion. Shares of the company rose more than 4 percent in premarket trading after the results were released.

D'Amaro took the chief executive role from Bob Iger in mid-March. In a 10-page letter to shareholders, D'Amaro projected adjusted earnings per share growth of approximately 12 percent for fiscal 2026. He also reiterated expectations for double-digit adjusted earnings per share growth in fiscal 2027.

D'Amaro outlined plans to invest in entertainment content and improve theme park experiences through technology. He stated that the company sees a significant opportunity to engage and entertain fans more deeply in both digital and physical environments.

The executive noted healthy current demand at U.S. theme parks in Florida and California while acknowledging macroeconomic uncertainty.

The Experiences division, which includes parks, cruise ships, and consumer products, reported a 5 percent increase in operating income. Higher guest spending at U.S. theme parks and increased cruise-ship volume supported the gain compared with the prior year.

The Entertainment unit recorded a 6 percent rise in operating income to $1.34 billion. Stronger subscription and advertising revenue from streaming services and box-office results from films released last year contributed to the increase. The Sports division posted a 5 percent decline in operating income to $652 million due to higher sports rights and production costs.