Core Insights - Walt Disney Co. is expected to exceed fourth-quarter revenue and profit expectations due to increased theme park attendance, higher per-capita spending, and strategic pricing adjustments across parks and streaming services [1] - Despite challenges in content sales, growth in Disney+ subscriptions, new cruise offerings, and cross-selling initiatives are anticipated to support overall margins and drive momentum into 2026 [1] Financial Projections - Goldman Sachs analysts forecast fourth-quarter EPS of $1.19, surpassing the Visible Alpha consensus of $1.04, with adjusted EBIT projected at $3.69 billion compared to the expected $3.48 billion [2] - The bank estimates Experiences' fourth-quarter revenue at $8.83 billion, slightly above the consensus of $8.78 billion, indicating a 7% year-over-year growth [3] Revenue Drivers - Growth is expected to be bolstered by the launch of the Disney Treasure cruise ship, recent price increases at Walt Disney World, and new Disney Vacation Club property openings [4] - In the Entertainment segment, fourth-quarter revenue is projected at $10.28 billion, slightly below the consensus of $10.47 billion, with segment EBIT expected at $879 million, significantly above the consensus of $683 million [5] Streaming Insights - Disney+ is projected to gain approximately 1 million net additions, lower than the expected 2 million, with a core ARPU estimate maintained at $7.85 [5] - Recent price increases for Disney+ and Hulu are expected to enhance margins, with Disney+ with ads rising to $11.99 and Premium to $18.99 [6] Content Sales Adjustments - The Content Sales and Licensing revenue estimate has been revised down to $1.81 billion from a previous $2.00 billion, primarily due to weaker box office performance [7] - Linear Networks revenue estimate has also been adjusted to $2.13 billion from $2.21 billion, with EBIT revised down to $436 million from $511 million [7]