Disney reported a strong fiscal third quarter, with chief executive Josh D'Amaro citing gains across film, theme parks and streaming in his first full quarter at the helm. Total operating income rose 21% to $5.6 billion, beating Wall Street expectations, driven largely by Toy Story 5's box office success, higher theme park attendance, and streaming profits that more than doubled. The results come alongside broader corporate moves, including the confirmed $1.2 billion sale of Disney's stake in A+E Global Media to Hearst, a restructuring that shifts consumer products from Experiences to Studios, and a new short-form content partnership with TikTok.

Revenue for the quarter reached $25.2 billion, up 7% year-on-year, with adjusted earnings per share climbing to $2.06 from $1.61. The Entertainment division posted a 64% jump in profit to $1.7 billion, buoyed by Toy Story 5's $1 billion-plus global gross and The Devil Wears Prada 2, despite underperformance from The Mandalorian and Grogu and the live-action Moana. Streaming operating income more than doubled to $712 million on revenue of $5.5 billion, with subscription fees up 15%, as Disney outlined plans to triple its local original series on Disney+ over the next three years and evolve the platform into a broader "membership ecosystem."