Disney beat expectations in its fiscal first quarter, with revenue rising 5% to roughly $26bn and adjusted earnings supported by strong momentum in parks, resorts and cruises.
The Experiences segment topped $10bn in quarterly revenue for the first time, driven by solid growth at US parks, while international visitation remained softer.
Streaming continues to move toward profitability, with management guiding to around $500m in operating income next quarter. That said, sports margins were pressured by higher rights costs and a YouTube TV blackout.
Looking ahead, Disney plans a $7bn share buyback, is targeting double-digit adjusted earnings growth in 2026, and faces renewed scrutiny over succession planning once Bob Iger steps aside.
Technical view: Disney’s EMAs are converging and approaching a bullish crossover, which would strengthen the technical backdrop. The RSI has moved above the 50 level, signalling positive momentum. As long as the RSI holds above 50 and the EMAs maintain a bullish structure with improving slope and separation, the trend remains constructive. A sustained move back below 50 would negate this signal.
The Experiences segment topped $10bn in quarterly revenue for the first time, driven by solid growth at US parks, while international visitation remained softer.
Streaming continues to move toward profitability, with management guiding to around $500m in operating income next quarter. That said, sports margins were pressured by higher rights costs and a YouTube TV blackout.
Looking ahead, Disney plans a $7bn share buyback, is targeting double-digit adjusted earnings growth in 2026, and faces renewed scrutiny over succession planning once Bob Iger steps aside.
Technical view: Disney’s EMAs are converging and approaching a bullish crossover, which would strengthen the technical backdrop. The RSI has moved above the 50 level, signalling positive momentum. As long as the RSI holds above 50 and the EMAs maintain a bullish structure with improving slope and separation, the trend remains constructive. A sustained move back below 50 would negate this signal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.