Disney posts mixed results as streaming growth is offset by legacy TV declines

Financial Performance - Disney's adjusted earnings per share were A11, exceeding estimates by 6 cents [1] - Revenue reached $225 billion, slightly below expectations [1] - Sports revenue was nearly $4 billion, roughly in line with expectations [2] - Disney is doubling its buyback target to $7 billion [3] - The annual dividend is being raised to $150%, up from $1 [3] - Disney anticipates double-digit EPS growth for 2026 and 2027 [4] Subscriber Growth - Disney Plus paid subscribers increased by 38 million over the prior quarter, reaching 1316 million, surpassing the estimate of 1297 million [2] - Hulu paid subscribers were 641 million at the end of the quarter, also topping estimates [3] Other Key Developments - Disney is engaged in a significant dispute with Google, the owner of YouTube TV [4]