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DIS Stock Gains Pre-Market After Q1 Beat, Despite Profit Strain In Entertainment Unit
(MENAFN- AsiaNet News)
The Walt Disney Co. (DIS) announced on Monday that it recorded a 5% year-on-year growth in revenue to $26 billion for the first-quarter fiscal 2026, exceeding the analysts' consensus estimate of $25.59 billion, according to Fiscal AI data.
Adjusted earnings per share (EPS) of $1.63, narrowed YoY but beat the Street consensus of $1.58. Disney's entertainment arm posted a 7% YoY revenue uplift, but rising costs for programming, production and marketing outpaced gains, dragging operating profit down to around $1.1 billion.
Disney's experiences division delivered standout performance, generating approximately $10.0 billion in revenue and nearly $3.3 billion in segment profit.
Disney's stock< traded over 3% higher in Monday's premarket.
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