Key Points
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Disney’s financial reliance on cable networks is declining as the company focuses on growth in theme parks and cruises.
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As of September 27, 2025, Disney+ and Hulu+ together had 191 million global subscribers.
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Disney’s experiences segment generated $10 billion in revenue and $3.3 billion in operating income in Q1 of fiscal 2026.
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Disney is investing $60 billion over the next decade to enhance its theme parks and experience segment.
Walt Disney Co. (NYSE: DIS) has experienced a 39% drop in share price over the past five years, prompting concerns among investors. However, the company is making strategic shifts, such as launching Disney+ in November 2019, which has contributed to robust subscriber growth, now totaling 191 million worldwide as of late September 2025. The direct-to-consumer segment is projected to generate $500 million in operating income for Q2 2026, a significant recovery from a $2.9 billion loss in fiscal 2020.
Disney’s theme parks and cruise line business reported $10 billion in revenue and $3.3 billion in operating income for Q1 of fiscal 2026, driven by a planned $60 billion investment over the next ten years. The company aims to expand its cruise fleet and enhance park experiences, positioning itself for growth amid shifting media consumption patterns.
