The Walt Disney Company Q2 2026 Earnings Recap

Disney’s shares rose 8.1% following Q2 results that outpaced expectations, driven primarily by stronger-than-anticipated revenue growth across streaming and Disney Experiences. Investors appeared encouraged by accelerating streaming revenue growth and record segment income at the parks division.

Key Takeaways

• Total company revenue grew 7% year-over-year, with segment operating income increasing 4%.
• Streaming revenue growth accelerated sequentially from 11% in Q1 2026 to 13% in Q2, driven by both subscription price increases and volume gains; advertising revenue also grew at double-digit rates.
• Disney Experiences posted 7% revenue growth and 5% segment operating income growth, setting records for the second quarter despite ongoing attendance headwinds.
• The company highlighted ongoing investments in local content internationally and strong upcoming franchise film releases to sustain long-term engagement and monetization.
• Management anticipates improvement in domestic park attendance trends in Q3 as prior headwinds lap.