Walt Disney Financial Update
Walt Disney’s streaming business reported a significant turnaround in its fiscal second quarter, ending March 28, 2026, with a 13% increase in subscription streaming revenue, raising operating income from $310 million to $582 million, translating to an operating margin of approximately 11%. Overall, the company saw a 7% year-over-year revenue increase to $25.2 billion, with adjusted earnings per share rising 8% to $1.57.
However, Disney’s shares have decreased about 15% in 2026, currently trading around $96 and approximately 22% off their 52-week high. Total segment operating income fell 9% year-over-year in the prior fiscal quarter, largely due to a 35% drop in the entertainment segment. Management anticipates adjusted earnings per share to grow about 12% in fiscal 2026 and plans to initiate at least $8 billion in share repurchases.
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