Walt Disney's third quarter adjusted EPS of $2.06 beat estimates, as Experiences growth and streaming profitability surged.

Walt Disney Company reported third quarter revenue of $25.2 billion, up 7% year-over-year, and adjusted EPS of $2.06, a 28% increase from the prior year. The company also raised its full-year share repurchase target.

Key Highlights

• The Experiences segment delivered strong results with revenue up 10% to $10.0 billion and operating income increasing 20% to $3.0 billion, driven by 3% attendance growth at domestic parks.
• Entertainment SVOD (streaming) operating income more than doubled to $712 million from $329 million in the prior-year quarter, reflecting continued progress in direct-to-consumer profitability.
• The company increased its fiscal 2026 share repurchase target to at least $9 billion and reiterated its full-year adjusted EPS growth outlook of approximately 12% (excluding the 53rd week).
• The Sports segment was a weak spot, with operating income declining 17% to $858 million due to higher programming and production costs from its NBA contract renewal.