Disney Made 4 HUGE Announcements Today

Disney has dropped MAJOR updates about its theme parks, Disney+, ESPN, and more.

Disney held its earnings call and released its earnings report for the first quarter of fiscal year 2026 (Q1 of FY 2026) on February 2nd, 2026. This has given us a peek behind the curtain, revealing details about the financial gains (and losses) within the various divisions of the Walt Disney Company. So now, let’s dive into what Disney has shared and what YOU should know.

1 — Overall Financial Results

We begin with a look at the overall finances for the Walt Disney Company. Disney shared that for Q1 of FY 2026, revenues increased 5% for the quarter to a total of $26 billion, and income before taxes was comparable to Q1 fiscal 2025. Total segment operating income decreased 9% for the quarter to $4.6 billion in comparison to Q1 in fiscal 2025, and diluted earnings per share for Q1 decreased from $1.40 to $1.34.

Now, let’s take a look at how each segment within the Company is doing.

2 — Disney Experiences (Theme Parks, Disney Cruise Line, Merchandise)

For the Disney Experiences division, Disney revealed that the experiences in the parks, both domestic and international, increased in revenue in comparison with the year prior. The revenue from both domestic and international parks increased 7%. However, their operating income increased as well; domestic income has increased 8%, while international parks rose just 2%. When it comes to Disney Cruise Line, the company attributes the increase partly to a higher volume of passenger cruise days, which especially rose thanks to the launch of the Disney Treasure in December 2024 and the Disney Destiny in November 2025.

Disney has a LOT more planned for this segment of the Company with new cruise ships in the works, new expansions planned for Disney World and Disneyland, a new theme park coming to Abu Dhabi, and more. We’ll certainly be watching to see what other major Disney Experiences announcements are made in the coming months and years.

3 — Disney+, Streaming, and More Entertainment

Disney has been busy when it comes to movies and entertainment, too. During its previous earnings call, Disney shared that Disney+ had 132 million subscribers. In Disney’s newest report, they don’t directly share how many subscribers the company currently has, but instead reveal some information as to why, if you read between the lines.

When it comes to Experiences, such as live entertainment, there was modest OI growth, due to a few different factors — more international visitors at the domestic parks, pre-launch costs for the Disney Adventure cruise ship, and pre-opening costs for World of Frozen at Disneyland Paris. The company is on track to repurchase $7 billion of stock, which will affect this category as well.

However, what we find to be REALLY interesting when talking about subscribers as a whole is when Disney mentions that operating income in the current quarter decreased from the prior year, as “an increase of revenues was more than offset by higher costs.” The decrease in revenue specifically came from the “Star India Transaction and the temporary suspension of carriage with an affiliate in the current quarter,” but it was partially made up by higher subscription and affiliate fees, the Fubo transaction, and subscriber growth. The release of Zootopia 2, Avatar: Fire and Ash, Predator: Badlands, and Tron: Ares assisted in content sales revenue; however, there were higher marketing costs due to those increases in theatrical distribution and streaming services.

More film releases coming this year could impact Disney’s entertainment numbers. This year alone, Disney is set to release 2 new Pixar films — Toy Story 5 and Hoppers, a new live-action movie — the live-action Moana, a new Star Wars movie — The Mandalorian and Grogu, and a new Marvel movie — Avengers: Doomsday.

Plus, on the streaming front, current Disney CEO Bob Iger has shared that AI could bring some big changes to Disney+. By using AI, Disney+ can turn into a portal to all things Disney, which would mean we could see opportunities for commerce, as well as engagement for people to go to the parks and on Disney cruises. It could also open up opportunities for games and partnerships with EPIC game integration.

We’ll be interested to see just how Disney+ and Disney entertainment as a whole develop over the next few years.

QUIZ: We’re SO Curious If You Can Guess These Disney Movies Based On A Screenshot From The Very Last Scene

4 — Sports

For Sports specifically, it’s comparable, again, to Q2 fiscal 2025, but there was a decline of about $100 million due to higher rights expenses. In fact, later in the report, it lists that there was “low-single digit segment OI growth compared to fiscal 2025.” In the Key Points section of the report, the sports division reported an OI of $191 million, which is a decrease of $56 million compared to Q1 fiscal 2025, and “reflects a net adverse impact of 11 ppts from the inclusion of Star India and higher political advertising in Q1 fiscal 2025 and Fubo in Q1 fiscal 2026.”

©Fubo

In case you’re not familiar with what Star India is, or how Disney is interacting with them, on November 14th, 2024, the Company and Reliance Industries Limited formed a joint venture that “combined the Company’s Star-branded and other general entertainment and sports television channels and Disney+ Hotstar streaming service in India (Star India) with certain media and entertainment businesses controlled by RIL.” The company has a 37% interest in the India joint venture. From what it sounds like, this venture isn’t exactly going how Disney wanted it to.

When asked how he’s feeling about the numbers, Bob Iger, CEO of Disney, shared that the company is “pleased with the start to our fiscal year, and our achievements reflect the tremendous progress we’ve made.” He highlighted how well Zootopia 2 and Avatar: Fire and Ash did in the box office, and finished by saying, “As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years.”

©Disney

Disney released its new ESPN direct-to-consumer service last year. How will ESPN change and develop in the coming years? We’ll be looking for the latest updates.

And that’s a look at the Disney Company’s financial status…for now! It gives us a good insight into how things are going at Disney right now, what they seem to be focusing on and putting their energy into, and what they may or may not be worried about. Things are, of course, constantly changing.