Дисней, благодаря потоковым сервисам и тематическим паркам, удивил результатами за второй квартал 2026 года

The Walt Disney Company delivered results exceeding market expectations in Q2 of fiscal year 2026, driven by synchronized growth in streaming and theme park businesses.

Disney announced on the 6th local time that the total operating profit for the second quarter of the fiscal year from January to March 2026 was $4.603 billion, a 4% increase compared to the same period last year. Adjusted earnings per share for the same period were $1.57, an 8% increase; revenue was $25.168 billion, a 7% increase. This level surpassed the market expectations compiled by financial information firm LSEG, which forecasted an adjusted EPS of $1.49 and revenue of $24.78 billion.

Leading this performance was the experience division, which includes theme parks and cruises. The operating profit of on-site experience businesses, including Disney parks, was $2.62 billion, a 5% increase from a year earlier. Amid content consumption dispersing both online and offline, Disney has maintained stable cash flow through experience businesses such as theme parks and cruises. This structure is also interpreted as providing a defensive support for performance.

The entertainment division, which includes streaming and film businesses, also continued its improvement trend. The division's operating profit was $1.34 billion, a 6% increase from last year. Recently, global media companies have tended to focus more on profitability rather than user expansion. Disney has improved streaming efficiency while consolidating the revenue base of its film and content businesses, and this achievement is believed to be reflected in the results.

In contrast, the sports division appears somewhat sluggish. The division, including ESPN, had an operating profit of $650 million, a 5% decrease. Disney explained that the main reason was the increased costs of sports broadcasting rights. While popular sports content attracts users and advertising, the costs of acquiring rights are rising rapidly, becoming a factor suppressing media companies' profitability. This trend also indicates that in the future, Disney may focus more on cost control and revenue structure improvement in sports business while continuing to grow its streaming and experience-based businesses.