disney Quarterly revenue and earnings reported on Monday beat analysts’ expectations, helped by its Theme parks, resorts and cruise ships part.

this experience unit Reports quarterly revenue of more than $10 billion for first time Chief Financial Officer Hugh Johnston told CNBC.

Disney’s domestic theme park revenue was US$6.91 billion and international theme park revenue was US$1.75 billion, both up 7% from the same period last year. In particular, Disney’s domestic theme park attendance has increased while “international attendance has decreased,” Johnston said.

Disney is like this executable in its first fiscal quarter, As of Dec. 27, compared with Wall Street expectations, according to LSEG:

• Earnings per share: Adjusted $1.63, expected $1.57
• income: US$25.98 billion, expected US$25.74 billion

Net income for the quarter was $2.48 billion, or $1.34 a share, down from $2.64 billion, or $1.40 a share, a year earlier. After adjusting for one-time items, including taxes related to the Fubo deal, Disney reported earnings of $1.63 per share.

Disney’s total revenue in the first fiscal quarter was approximately US$26 billion, a year-on-year increase of 5%.

Disney said in its fiscal 2026 outlook that the company is expected to repurchase $7 billion worth of stock. It also expects double-digit growth in adjusted earnings per share and $19 billion in cash from operations.

Disney said it expects its streaming division (composed of Disney+ and Hulu) to achieve operating income of approximately $500 million in the second fiscal quarter, an increase of approximately $200 million from the same period last year.

However, it expects a “modest” increase in operating income in its Experiences segment due to headwinds from international visitors to its domestic parks, as well as pre-launch costs for the new Disney Cruise Line and “Frozen” at Disneyland Paris.

Who will be the backdrop to Disney’s earnings report on Monday? designated as successor To CEO Bob Iger.

This is the second time Disney has chosen Iger’s successor, following the appointment of Bob Chapek as CEO in 2020. rapid fire In 2022, Iger will return to the top spot. By then, Disney’s stock price had fallen as the company and Iger faced increasing Disney’s presence in theaters and upgrading its parks.

“Turbocharging the parks, making streaming profitable and double-digit profits, and improving the theater business bodes well for the new CEO. ” Johnston said.

Johnston declined to comment on speculation about who will succeed Iger.

People familiar with the matter told CNBC that Disney’s board of directors will meet this week and is expected to vote on Iger’s successor. The company has previously stated that it will Announcing a successor first quarter of this year.

Two of Iger’s deputies, Josh D’Amaro, chairman of Disney Experience, and Dana Walden, co-chairman of Disney Entertainment, are seen as front-runners in the race to succeed him.

However, D’Amaro is bringing profits to the company.

In Disney’s fiscal first quarter, the Experiences division’s operating income was three times that of its Entertainment division. Profit from the experience business was US$3.31 billion, an increase of 6% over the same period last year.

In contrast, the entertainment unit, which has long highlighted the decline of Disney’s traditional television network business, had operating income of $1.1 billion, down 35% from the previous year.

The company attributed the segment’s revenue growth to higher subscription and affiliate fees, as well as gains from incorporating the Fubo deal into Disney. disney obtained 70% stake in Internet TV bundle provider closed transaction October.

Disney’s theater division has also grown, especially in Dominate the box office 2025. The company noted “Zootopia 2” during the quarter as well as new entries in the “Avatar” and “Predator” series.

This marks the first quarter that Disney has stopped reporting some details about its entertainment division, such as revenue and operating income breakdowns for its linear TV networks, streaming and theatrical businesses. Disney also stopped reporting streaming subscriber numbers this quarter, The following Netflix was in the lead last year.

Disney said its streaming business revenue increased 11% in the first fiscal quarter to $5.35 billion.

Disney has been making various changes in the streaming space recently. Last year, ESPN launched Direct-to-consumer streaming platformDisney began its Hulu integrated into Disney+. Investors will be keen to learn about the latest developments with the ESPN streaming service and any implications for the service. price increase When executives hold Earnings conference call will be held at 8:30 a.m. ET.

Disney is now moving ESPN into sports, separate from its other linear TV networks, its movie business, and Disney+ and Hulu.

Revenues from the sports division increased 1% to $4.91 billion, while operating income fell 23% to $191 million.

The sports sector has been pressured by rising programming and production costs for new sports rights deals, as well as falling subscription and ancillary fees due to subscriber losses in traditional bundles. However, advertising revenue increased due to higher rates.

Units are also affected Due to temporary power outage Last fall, the shutdown of Disney Network on YouTube TV resulted in an estimated $110 million impact on operating income.