Disney Earnings Buoyed By ‘Toy Story 5’, Theme Parks, Streaming Profit; Books $100M Tariff Refund - Deadline

Disney reported strong fiscal third-quarter results for the three months ended in June, with total operating income up 21% to $5.6 billion and adjusted EPS of $2.06, up from $1.61, both beating Wall Street forecasts. Revenue rose 7% year-over-year to $25.2 billion.
The quarter marked Josh D'Amaro's first full period as CEO after taking over from Bob Iger in March, driven by the theatrical success of Toy Story 5, higher theme park attendance, and more than doubled streaming profits.
The Entertainment division led with profit of $1.7 billion, up 64%, on revenue of $11.3 billion, boosted by Toy Story 5—released June 19 and surpassing $1 billion at the global box office—along with The Devil Wears Prada 2.
Disney acknowledged that Star Wars: The Mandalorian and Grogu and the live-action Moana underperformed theatrically, but pointed to their broader "flywheel" contributions, including the new Millennium Falcon: Smuggler's Run attraction and merchandise sales.
Streaming operating income more than doubled to $712 million from $329 million on revenue of $5.5 billion, up 11%, with subscription fees rising 15% and advertising up 3%.
Alongside earnings, Disney confirmed the planned sale of its 50% stake in A+E Global Media to a Hearst affiliate for $1.2 billion in cash, shifted its consumer products unit under Studios, and announced a global short-form content partnership with TikTok.