Buckle up, folks. Disney has just dropped some major announcements you do not want to miss.

On February 2nd, 2026, Disney released its earnings report and held its earnings call for the first quarter (Q1) of fiscal year 2026 (FY 2026). We’ve got all sorts of updates thanks to this new information — details about just how the Disney theme parks are doing financially, what’s going on with Disney+, and much more. Let’s dive into exactly what you need to know!

1 — Overall Financial Results

In terms of overall financial results, Disney revealed an increased revenue of 5% for the quarter to $26 billion. Income before income taxes from Quarter 1 was $3.7 billion, which was comparable to Quarter 1 fiscal 2025. The total segment operating income decreased 9% for the quarter to $4.6 billion from $5 billion, and the diluted earnings per share for Quarter 1 decreased to $1.34 from $1.40.

Now, let’s take a look at the different segments of the Company to see how they’re doing.

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2 — Disney+, Streaming, and Entertainment

The Company purchased Fubo and combined certain Hulu Live TV assets with Fubo, where they have a 70% interest in the combined operations. The operating income for the quarter decreased compared to the prior year due to higher costs, including higher subscription and affiliate fees, an increase in content sales revenue due to theatrical releases such as Zootopia 2 and Avatar: Fire and Ash, and an increase in marketing costs.

There are plenty of changes and big things coming surrounding Disney entertainment in the future. During the previous earnings call, Disney CEO Bob Iger noted that he hopes to use AI in the future to make “Disney+ a portal to all things Disney,” creating opportunities for commerce, engagement for people to go to the parks and cruises, games, and EPIC integration.

Plus, Disney’s got plenty of movies scheduled for a 2026 release, including Toy Story 5, Avengers: Doomsday, The Mandalorian and Grogu, Hoppers, and even the live-action Moana.

Bob Iger, CEO, said, “We are pleased with the start to our fiscal year, and our achievements reflect the tremendous progress we’ve made. We delivered strong box office performance in calendar year 2025 with billion-dollar hits like Zootopia 2 and Avatar: Fire and Ash, franchises that generate value across many of our businesses. As we continue to manage our company in the future, I am incredibly proud of all that we’ve accomplished over the past three years.”

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3 — Disney Experiences (Theme Parks, Cruise Line, Merchandise)

Next, let’s tackle Disney Experiences, which includes the Disney theme parks around the world, Disney Cruise Line, and Disney merchandise. In terms of the segment as a whole, Disney shared that operating income at the domestic parks and experiences increased compared to the prior year’s quarter due to an increase in passenger cruise days, attendance, and occupied room nights. This is due to the Disney Treasure launching in December 2024 and the Disney Destiny in November 2025. There has also been an increase in guest spending and higher costs due to new guest offerings.

Disney revealed that during the first quarter of fiscal year 2026, quarterly revenue of $10 billion and segment operating income of $3.3 billion were reported. The Domestic Parks & Experiences operating income growth for the quarter was 8%, with attendance at the domestic parks up 1% in the quarter. Per capita spending was up 4% in the domestic parks.

Dometic parks brought in about $6.9 billion in revenue, and international parks account for about $1.7 billion. Of the overall $10 billion in revenue for the quarter, consumer products made up the final $1.3 billion. The majority of the growth came in the second half of 2025. The higher volumes were because of increased passenger cruise days, attendance, and occupied room nights. The Disney Treasure and Disney Destiny also had additional passenger cruises.

With the Disney Adventure ship getting ready to sail soon, more Disney Cruise Line ships on the way, new lands planned for Disney World, major work planned for Disneyland, a new Disney theme park coming to Abu Dhabi, and MORE, this segment of the Disney Company is certainly busy. It’ll be interesting to see what other major announcements are made in the future.

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4 — ESPN

Regarding the sports world, Disney shared a decrease in operating income due to the increase in programming and production costs. This was partially offset by the timing of the NBA and college sports rights costs under the new agreements, including the impact of fewer regular-season NBA games. There was also a decrease in subscription and affiliate fees due to fewer subscribers, which was due to the Star India Transaction, which is partially offset by higher effective rates.

Things have been busy in this segment, too. Disney previously launched its new ESPN direct-to-consumer service. We’ll be watching to see just how ESPN continues to change and evolve.

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One major announcement was missing from the earnings call, though — who will succeed Bob Iger as CEO of the Walt Disney Company. Disney did not share who the successor would be during the company’s most recent earnings call. But, just a day later, the Walt Disney Company Board of Directors announced that Disney Experiences Chairman Josh D’Amaro was elected the next Chief Executive Officer of Disney in a unanimous vote.

D’Amaro will take over the role earlier than planned, on March 18th, 2026.

Overall, the earnings call and report give us some great insight into what’s going on within the Disney Company right now — What segments are doing well? What areas could need some improvement? What does the Company seem to be focused on? We’ve got some answers, but things continue to change as new movies are released, park attendance changes, etc.

We are constantly on the hunt for the latest Disney updates, so be sure to subscribe to our newsletter for all the newest info so you do NOT miss a thing!

Click HERE to see 8 Game-Changing Disney World Announcements for Summer 2026

What do you think is the most surprising news Disney released? Tell us in the comments!