Disney Revenue Rises 7% to $25.2 Billion Under Dis Stock
Disney revenue rose 7% to $25.2 billion in fiscal Q2, and dis stock got an early read on Josh D’Amaro’s first earnings report as CEO. The company beat Wall Street expectations for the quarter ended March 3, while executives used the filing to outline a longer-term plan built around Disney+, original franchises and new technology.
D’Amaro’s first quarter as CEO
$25.2 billion in revenue came as D’Amaro used Disney’s first quarterly earnings report since succeeding Bob Iger two months ago to lay out his long-term view. The company said it wants Disney+ to become “more engaging, more personalized, and more central to how fans experience our brands.” That shifts the focus from a standalone streaming product toward a broader consumer platform tied to the rest of Disney’s businesses.
$4.6 billion in segment operating income rose 4 percent, giving investors a cleaner sign that the quarter’s top-line growth reached profit as well. Hugh Johnston, the CFO, and the company’s earnings letter pointed to stronger engagement on Disney+ after recent work to revamp the user interface and improve personalization. For dis stock, that combination matters more than a single quarter’s beat: the business showed both growth and some evidence that the streaming push is becoming more useful inside the company’s larger media mix.
Disney+ and OpenAI
$11.7 billion in entertainment revenue increased 10 percent from a year ago, while operating income in the division rose 6 percent to $1.3 billion. The experiences segment added $9.5 billion in revenue, up 7 percent, and $2.6 billion in operating income, up 5 percent. Those figures show the core businesses still carrying much of the quarter’s momentum, even as Disney executives said they view Disney+ as a centerpiece of strategy and continue to explore potential commercial opportunities with OpenAI and others.
$4.6 billion in sports revenue rose 2 percent, but operating income fell 5 percent to $652 million. That split leaves a friction point inside the quarter: the division still grew, yet profit moved the other way. Disney raised its share buyback goal to $8 billion and said it expects adjusted EPS growth of 12 percent this year, but the sports line shows that not every part of the company is moving in the same direction.
Abu Dhabi and AI
$8 billion in planned buybacks and 12 percent expected adjusted EPS growth give D’Amaro a cleaner baseline for his first months in charge, but the bigger strategic test sits in what Disney does next with its platform and its technology bets. Executives said the Abu Dhabi park plans remain unchanged and described advanced technologies, including AI, as a meaningful long-term opportunity. They also said, “we continue to explore potential commercial opportunities with OpenAI and others.” If that mix holds, the quarter suggests Disney is trying to use a stronger balance sheet and a more personalized Disney+ product to support the next phase of growth, not just the next quarter’s earnings line.
