The Walt Disney Company has shared its earnings for second quarter of 2026, the first under new CEO Josh D’Amaro, and the results are fairly positive.
The company achieved revenue of $25.17 billion, up 7%. Net income fell 31% to $2.25 billion largely on a higher tax bill, translating to adjusted earnings per share of $1.57 (up 8%). That beat analyst estimates for revenue of $24.85 billion and adjusted earnings per share of $1.50.
The biggest news is likely the company’s streaming services posted an 88% leap in operating income, reaching $582 million. Disney credited subscriber gains, price increases that occurred in Fall 2025, and more ad impressions due to in-demand content like Zootopia 2 which came to Disney+ in March.
Disney Entertainment revenue climbed 10% to $11.7 billion, while operating income went up 6% to $1.336 billion. The quarter saw the release of Pixar’s Hoppers in early March. The film was an instant success with the best opening for a Pixar original film (as well as an original animated movie in general) since Coco (2017). It has made a total of $375 million at the global box office.
Disney Experiences, the division consisting of theme parks, cruises and consumer products, saw March quarter revenue of $9.5 billion (up 7%) and operating income of $2.6 billion (up 5%) — both records for fiscal Q2. “Current demand at our domestic parks and resorts is healthy,” D’Amaro and CFO Hugh Johnston said. “However, we are mindful of the macroeconomic uncertainty consumers are facing today.”
Domestic theme parks and experiences raked in $7 billion while international parks earned $1.6 billion. Consumer products brought in the last $974 million. Per capita spending increased 5%. Disney stated this was driven by growth in admissions, food and beverage, and merchandise.
Attendance at U.S. Disney theme parks was down 1% during the first three months of the year, partly reflecting “continued softness in international visitation.” The company expects year-over-year attendance at Disneyland Resort and Walt Disney World Resort in the June quarter to improve.
Disney credited some of the revenue to the launch of the new Disney Adventure cruise ship. The Singapore-based ship was originally set to launch in Q1 but was delayed.
Disneyland Paris also opened their Disney Adventure World expansion. The theme park is the renamed Walt Disney Studios Park, now including World of Frozen, a Tangled spinner ride, and more.
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