EARNINGS & CATALYSTS · November 10, 2026
Disney earnings preview: parks and streaming in focus on November 17, 2026
Disney’s November 17 results will test parks demand and streaming profitability. Watch the outlook beyond the extra fiscal week and whether rising costs absorb growth.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| The Walt Disney Company (DIS) | November 17, 2026Issuer confirmed | Before open | 1.69 | 25.19B |
1) When will Disney report, and what is expected?
Disney confirmed its fiscal fourth-quarter and full-year 2026 results for November 17, 2026, before open. Analyst consensus checked on November 10 was $25.18 billion in revenue and $1.69 in adjusted diluted earnings per share (EPS, or profit per share). Adjusted earnings exclude selected items and differ from standard accounting profit. Estimates can change before the release.
2) What do the last two quarters show?
Fiscal second-quarter revenue was $25.168 billion with adjusted EPS of $1.57. The third quarter delivered $25.248 billion and $2.06. Both exceeded the earnings expectations shown in the comparison image, but third-quarter revenue fell slightly short. Disney shares rose 7.5% between the May 5 and May 6 closes and 3.6% between the August 4 and August 5 closes; those past reactions do not predict this report.
3) Why does the extra fiscal week matter?
In August, Disney maintained its fiscal 2026 adjusted EPS growth outlook of about 16% including the extra week, or about 12% without it. The extra week adds business days as well as revenue, so investors should separate that calendar benefit from improvements in demand and profitability. The next-year outlook will help show how much growth can continue on a more comparable basis.
4) How the business makes money
Disney earns revenue from films, television, streaming subscriptions, advertising and sports rights, alongside theme parks, cruises and merchandise. Its brands connect these businesses: popular characters can support viewing, park visits and product sales. The earnings test is whether that demand produces enough profit after content, labor and investment costs.
5) What to watch
Watch visitor spending and attendance, streaming profitability and the new annual outlook. On November 9, Disney and Adobe announced a multi-year alliance to develop custom AI tools for creative work. It could help production efficiency over time; neither company quantified savings or an earnings contribution in the announcement. It is a future execution topic, not a result already earned.
6) Recently reported peers
Comcast reported on October 22. Adjusted EPS of $1.07 beat its $0.98 consensus, and revenue of $29.298 billion slightly exceeded $29.24 billion. Yet theme-park revenue fell 4.4%, with greater promotional activity and higher operating costs weighing on the business. Its parks and streaming operations offer useful competitive context, while its large broadband business makes company-wide comparisons less direct.
7) Risks into the report
Households may cut leisure spending or seek discounts, while higher labor and content costs can squeeze profit. Streaming competition and sports-rights commitments add pressure. An earnings beat could still disappoint if the next-year outlook signals slower growth or heavier investment.
8) Insider activity over the past three months
$0 bought and $5.53M sold in reported trades. 0% buy / 100% sell by value. 0 insiders bought only, 3 sold only, and 0 did both.