Walt Disney Co. (NYSE:DIS) shares rose Wednesday after the company reported fiscal second-quarter 2026 results that topped Wall Street expectations, driven by growth across its entertainment, sports and experiences businesses.

Disney Q2 Earnings Beat Wall Street Estimates

Disney reported adjusted earnings of $1.57 per share for the quarter, beating the analyst consensus estimate of $1.49. Revenue increased 7% year over year to $25.17 billion, ahead of analyst estimates of $24.76 billion.

Entertainment, ESPN And Parks Drive Segment Growth

The entertainment segment, which includes traditional television networks, direct-to-consumer streaming and film operations, posted revenue of $11.72 billion, up 10% from a year earlier.

The sports segment, led by ESPN, reported revenue growth of 2% to $4.61 billion.

Disney's experiences segment, which includes theme parks, resorts and consumer products, generated revenue of $9.49 billion, up 7% year over year.

Operating Income, Cash Flow And Buyback Update

Consolidated operating income rose 4% to $4.60 billion during the quarter. The experiences business led segment operating income with $2.62 billion, followed by entertainment at $1.34 billion and sports ...