The Walt Disney Company (DIS) Earnings Call Transcripts
The Walt Disney Company's Latest Earnings Call - Q3 FY2026
In the fiscal third quarter of 2026, The Walt Disney Company reported total revenue of $23.5 billion, a 7% increase year-over-year, and operating income growth of 21%, exceeding prior guidance. The Experiences segment achieved record revenue of $10 billion, driven by strong attendance and spending at domestic parks and cruise lines. Management reiterated their full-year outlook, expecting to achieve high single-digit operating income growth for the Experiences segment, excluding the impact of a 53rd week.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $23.5B (beat) |
| Operating Income | $5.2B (beat) |
| Experiences Segment Revenue | $10B (beat) |
| Disney+ Operating Margin | 13% (positive) |
| Global Guest Growth | 4% (positive) |
| Per Capita Spending Growth | 4% (positive) |
Guidance from management
Management expects to achieve high single-digit operating income growth for the Experiences segment in fiscal 2026, excluding the impact of a 53rd week. They reaffirmed their commitment to significant capital investments and content spending.
What management said
So our strategy on Disney+ is to bring additional sports content to Disney+ users and to drive additional upsell into Disney+, Hulu and the ESPN unlimited bundle you can expect us to lean in, in all of these areas. We have the most trusted brand in sports with the most comprehensive rights portfolio, and we are operating from an absolute position of strength with the ESPN.
Yes. Sean, thanks for the question. We are actually highly, highly confident in those time lines. the ships that will be coming in from here forward are ships that are very consistent with the way we have traditionally built ships sort of from scratch ourselves. We had the slot, the manufacturer of the shipbuilder is highly reliable in terms of building them out. So from that perspective, we certainly feel extremel...
What analysts pressed on
Analysts expressed concerns regarding the softness in international attendance and the effectiveness of recent discount programs at U.S. parks. There were questions about how these promotions might indicate underlying demand issues.
Main topics on the call
- Record Revenue in Experiences Segment — The Experiences segment generated $10 billion in revenue, a 10% increase year-over-year, attributed to strong domestic park attendance and cruise line performance. CEO Josh D’Amaro stated, "It was another record revenue ...
- Strong Performance of Disney+ and ESPN — Disney+ and ESPN saw growth in user engagement, with ESPN reporting over 100% growth in viewership for the NBA finals and NHL post-season. D’Amaro noted, "The unique passion of sports fandom drove over 100% growth in NBA...
- Continued Investment in Parks and Experiences — Disney plans to invest $9 billion in capital expenditures for fiscal 2026, focusing on expanding park capacity and enhancing guest experiences. D’Amaro emphasized, "The consistent investments that we've made over time......
- Guidance Reaffirmed for Fiscal Year 2026 — Management reaffirmed guidance for high single-digit operating income growth for the Experiences segment, excluding the 53rd week. CFO Hugh Johnston stated, "We now expect the Experiences segment to deliver growth at the...
Read the full The Walt Disney Company transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Walt Disney Company
The Walt Disney Company (DIS) is a publicly listed company in the Entertainment industry, within the Communication Services sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 76 calls on record spanning February 4, 2020 to August 5, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 76 The Walt Disney Company earnings call transcripts on record, spanning February 4, 2020 to August 5, 2026. Based on this history, The Walt Disney Company reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- DIS
- Exchange
- NYSE
- Country
- US
- Sector
- Communication Services
- Industry
- Entertainment
- Calls on record
- 76
- First call
- February 4, 2020
- Most recent
- August 5, 2026
- Reporting cadence
- quarterly