Disney reported a 21% rise in operating income to $5.6 billion for its fiscal third quarter, driven by strong box office performance of Toy Story 5, increased theme park attendance, and more than doubling of streaming profits. Revenue grew 7% to $25.2 billion, beating Wall Street expectations. CEO Josh D’Amaro highlighted the success of Toy Story 5, growth in global park visitors, and ESPN viewership gains as key drivers. Disney plans to expand Disney+ with more local original series and integrate its streaming services further by 2027. Theme parks saw a 4% increase in global guests and a 3% rise in domestic attendance, with strong forward bookings. Despite some underperformance in other films, Disney remains confident in its diverse entertainment and consumer products strategy moving forward.
Disney has increased attendance at its domestic theme parks by 3% through targeted promotions like $59 evening tickets and family deals, without broadly cutting regular prices. This strategy also raised per visitor spending by 4%, contrasting with Un...
Disney has appointed Karandeep Anand, former CEO of Character.AI, as its first-ever chief technology officer. Character.AI, an AI startup that allows users to create and interact with virtual characters, was previously accused by Disney of infringing...
Disney has appointed Karandeep Anand, former CEO of Character.AI, as its first chief technology officer, a new role reporting directly to CEO Josh D'Amaro. Anand will oversee Disney's enterprise technology, infrastructure, data, AI platforms, product...
Netflix stock fell 4% following Wells Fargo's downgrade to underweight and a price target cut from $80 to $57, citing concerns over declining viewer engagement and a weaker content slate in the second half of 2026. This contrasts with Evercore ISI's ...
