Disney(US:DIS) Deadline·2026-02-02 11:41Core Insights - Disney reported a revenue increase of 5% year-over-year for its fiscal first quarter, reaching $25.98 billion, with diluted earnings per share at $1.63, surpassing Wall Street expectations of $25.6 billion in revenue and $1.58 in earnings per share [1][2] Financial Performance - The Sports division experienced a 23% decline in operating income to $191 million, attributed to higher programming and production costs, alongside a decrease in subscription and affiliate fees, despite a 10% rise in ad revenue [3] - The Experiences segment, which includes theme parks and resorts, achieved $10 billion in revenue for the first time, with operating income of $3.3 billion, while domestic park attendance rose by 1% and per-capita spending increased by 4% [4] - Entertainment revenue grew by 7% to $11.6 billion, although operating income in this unit dropped by 35% due to increased costs from a higher number of theatrical releases [4][5] - Operating income from Entertainment SVOD, driven by Disney+ and Hulu, surged to $450 million, exceeding internal projections, with management targeting $500 million for the fiscal second quarter [6] Strategic Developments - The company is in the process of naming a successor to CEO Bob Iger, with Josh D'Amaro being the current favorite, as the board convenes for its quarterly meeting [2] - Iger highlighted the achievements during his second tenure as CEO, which began in November 2022, emphasizing the company's future management strategy [7]