Disney Beats Wall Street Estimates As New CEO Josh D’Amaro Charts Bold Growth Path

Walt Disney Co. has delivered better-than-expected earnings in its fiscal Q2 2026, the first under new CEO Josh D’Amaro. The entertainment giant reported solid growth across streaming and theme parks, while reaffirming its long-term strategy to accelerate earnings and expand digital and physical experiences.

Earnings Performance

Disney reported revenue of $25.2 billion, up 7% year-over-year, and adjusted EPS of $1.57, surpassing analyst expectations of $1.49. Streaming income surged 88% to $582 million, driven by price hikes and strong demand for Disney+ and Hulu. Theme parks and cruise lines also contributed significantly, with guest spending rising despite softer international visitation. 

New CEO’s Strategy

Josh D’Amaro, who succeeded Bob Iger in March, emphasized continuity with Disney’s existing growth plans while adding focus on technology integration, content investment, and theme park innovation. He highlighted opportunities to deepen fan engagement through both digital platforms and physical experiences, while acknowledging macroeconomic challenges such as higher oil prices and global uncertainty. 

Market Outlook

Disney projects 12% adjusted EPS growth for fiscal 2026 and expects operating income to rise 16% year-over-year in the June quarter. The company also plans to repurchase at least $8 billion in shares this fiscal year, signaling confidence in its financial strength. 

Key Highlights

• Revenue: $25.2 billion, up 7% year-over-year
• Adjusted EPS: $1.57, beating estimates of $1.49
• Streaming income surged 88% to $582 million
• Theme parks and cruises reported higher guest spending
• CEO Josh D’Amaro outlines growth strategy focused on content, technology, and experiences
• Fiscal 2026 EPS growth forecast: 12%

Sources: Variety, Bloomberg, CNBC, Reuters