Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter — and strikes a TikTok deal
Disney posted strong earnings results, driven by surging profits in its entertainment segment and solid growth in experiences.
In Disney's first complete quarter as CEO Josh D'Amaro, the entertainment giant surpassed earnings estimates, sending its shares up in pre-market trading. The streaming division saw operating income more than double to $712 million, while overall revenue increased by 7% to $25.25 billion - slightly below the estimated $25.39 billion. Adjusted diluted earnings per share rose 28% year-over-year to $2.06, exceeding analysts' forecast of $1.86 per share.
D'Amaro's strategic focus on investing in intellectual property and creativity, connecting with consumers, and leveraging advanced technologies like AI, paid dividends in this quarter. Despite a 13.7% decline in Disney's stock in 2026 and 17% in the past year, the company managed to impress investors with robust growth figures under D'Amaro's leadership. The announcement of a TikTok deal to incorporate user-generated, short-form video content on Disney+ also appealed to TikTok enthusiasts.
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