Disney Tops Q3 on Parks Growth as A+E Stake Sells to Hearst

Disney beat fiscal Q3 estimates with adjusted EPS of $2.06 on $25.17 billion in revenue, led by a 10% rise in Experiences revenue as parks and cruises benefited from higher guest spending. The company also disclosed it will sell its 50% stake in A+E Global Media to Hearst for about $1.2 billion, earmarked to boost share buybacks to $9 billion this year. Toy Story 5 generated over $1 billion globally, ESPN delivered strong playoff viewership, and Disney reaffirmed guidance for 12% adjusted EPS growth in 2026 and double-digit growth in 2027.