Disney reported a mixed first quarter with revenue growth driven by the Experiences segment, while Entertainment and Sports segments faced challenges due to increased costs and specific operational disruptions. The company is focusing on long-term growth with guidance for double-digit adjusted EPS growth and significant operational cash flow.
Total revenues increased 5% to $26.0 billion from $24.7 billion in Q1 fiscal 2025.
positiveExperiences segment achieved record quarterly revenue of $10.0 billion, with a 6% increase year-over-year.
positiveDomestic Parks & Experiences operating income grew 8% year-over-year.
positiveSVOD operating income increased 72% to $450 million.
positiveTotal segment operating income decreased 9% to $4.6 billion from $5.1 billion in Q1 fiscal 2025.
negativeDiluted EPS decreased to $1.34 from $1.40 in Q1 fiscal 2025, a 4% decline.
negativeAdjusted EPS decreased to $1.63 from $1.76 in Q1 fiscal 2025, a 7% decline.
negativeEntertainment segment operating income declined $0.6 billion to $1.1 billion, a 35% decrease.
negativeSports segment operating income decreased $56 million to $191 million, a 23% decrease.
negativeCash provided by operations decreased significantly by 77% to $735 million from $3,205 million in the prior year.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Entertainment | N/A | — | — | — |
Sports | N/A | — | — | — |
Experiences | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
We are pleased with the start to our fiscal year, and our achievements reflect the tremendous progress we’ve made.
We delivered strong box office performance in calendar year 2025 with billion-dollar hits like Zootopia 2 and Avatar: Fire and Ash, franchises that generate value across many of our businesses.
As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.