Source : Perth Now news
Disney has managed a solid showing in its third quarter, bolstered by movies such as Toy Story 5 and ongoing strength from its US theme parks that helped to offset continued weakness from international tourism.
Disney also announced a global short-form content sharing deal with TikTok on Wednesday.
The agreement will bring Disney-focused fan-created content from TikTok to the Disney+ app.
Shares climbed more than three per cent before the market open on Wednesday.
The Walt Disney Co cautioned earlier in 2026 that its theme parks division would likely see modest growth due in part to declining tourism from abroad.
International tourism in the US has waned for a number of reasons after President Donald Trump’s return to the White House, including tariffs, a crackdown on immigrants and repeated jabs at allied nations.
For the third quarter, the Experiences division, which includes Disney’s six global theme parks, its cruise line, merchandise and video game licensing, reported that operating income climbed 20 per cent to $US3.02 billion ($A4.28 billion) and revenue totalled $US9.97 billion.
Operating income rose 27 per cent at domestic parks, while operating income declined 13 per cent for international parks and experiences.
Overall attendance at US parks climbed three per cent from a year ago on an increase in attendance from domestic tourists and annual passholders.
The company said the performance was also helped by summer promotions and new experiences being offered at the parks.
Disney received a substantial boost from Toy Story 5 in the quarter, topping $US1 billion in global box office.
The movie also increased viewings of other Toy Story films on Disney+, and Toy Story merchandise sales helped give the company its strongest quarter of year-over-year growth in Consumer Products revenue in 20 quarters.
The company also noted the strong performance of The Devil Wears Prada 2, particularly overseas.
Disney earned $US2.64 billion, or $US1.51 per share, for the three months ending on June 27.
It earned $US5.26 billion, or $US2.92 per share, a year ago.
Removing certain items, earnings were $US2.06 per share.
That easily topped the $US1.86 per share that analysts polled by FactSet predicted.
Revenue for the Burbank, California-based company rose seven per cent to $US25.25 billion.
Wall Street was looking for $US25.39 billion.
Disney is anticipated to have a very strong showing at the box office through the end of 2026.
