Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter
Disney posted strong earnings results, driven by surging profits in its entertainment segment and solid growth in experiences.
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Disney pleased Wall Street in its first full quarter under CEO Josh D'Amaro.
Shares rose over 4% in premarket trading as the Mouse House posted mixed revenue and earnings results for the quarter ending on June 27.
Adjusted diluted earnings per share were up 28% year-over-year to $2.06, higher than analysts' estimate of $1.86 per share.
Revenue rose 7% year-over-year to $25.25 billion, which was just below the estimate of $25.39 billion from analysts polled by Bloomberg.
Heading into the earnings report, Disney's stock had fallen 13.7% in 2026 and 17% in the last 12 months.
Disney had impressed investors in D'Amaro's first-ever earnings call in charge, as shares popped 7.5% on the back of robust revenue and earnings growth.
D'Amaro had unveiled the three pillars of his long-term strategy: investing in IP and creativity, better connecting with consumers, and leaning into "advanced technologies," including AI.
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