Business
The Walt Disney Company Reports First Quarter Earnings for Fiscal 2026
BURBANK, Calif., February 02, 2026--The Walt Disney Company (NYSE:DIS) today reported earnings for its first quarter ended December 27, 2025.
About this update from Walt Disney Company (the)
[{"type":"text","content":"BURBANK, Calif., February 02, 2026--(BUSINESS WIRE)--The Walt Disney Company (NYSE:DIS) today reported earnings for its first quarter ended December 27, 2025.","length":158,"tagName":"p"},{"type":"text","content":"Financial Results for the Quarter:","length":34,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues increased 5% for the quarter to $26.0 billion from $24.7 billion in Q1 fiscal 2025.","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Income before income taxes for Q1 of $3.7 billion was comparable to Q1 fiscal 2025.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total segment operating income(1) decreased 9% for the quarter to $4.6 billion from $5.1 billion in Q1 fiscal 2025.","length":115,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share (EPS) for Q1 decreased to $1.34 from $1.40 in Q1 fiscal 2025. Adjusted EPS(1) for Q1 decreased to $1.63 from $1.76 in Q1 fiscal 2025.","length":160,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":450,"olType":false},{"type":"text","content":"Key Points:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Entertainment: Revenue increased 7% compared to Q1 fiscal 2025. Operating income (OI) declined $0.6 billion to $1.1 billion, resulting in Entertainment segment operating margin of 9.5%, as higher programming and production and marketing costs in the quarter more than offset an increase in subscription and affiliate fees and higher theatrical revenue","length":351,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"SVOD(2) revenue increased 11% compared to Q1 fiscal 2025 (growth reflects a 1 ppt adverse impact from the inclusion of Star India revenue in the prior-year quarter). SVOD operating income(3) increased $189 million to $450 million, resulting in SVOD operating margin(3) of 8.4%","length":276,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Segment advertising revenue decreased 6% compared to Q1 fiscal 2025, and reflects a net adverse impact of 11 ppts from the inclusion of Star India and higher political advertising in Q1 fiscal 2025 and Fubo in Q1 fiscal 2026","length":224,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"len...