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The Walt Disney Company
Dow 30 S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$192.2B
Market Cap
16.4
P/E
1.48
PEG
9.3%
ROCE
12.2%
ROE
0.40
D/E
14.9%
OPM
-7.5%
% from 52W High
43
α RS
🔍 DIS is showing a high-conviction setup because it matches 8 of 39 tracked screener presets, Sector RRG has Communication Services in the Leading quadrant with the trail still strengthening, and an ECS of 59.1 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RRG ECS
Sources
Conviction 8/39 · Communication Services in Leading quadrant · ECS 59.1
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🌏 Global Investor Returns
Currency-adjusted total returns for DIS including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

The Walt Disney Company operates as an entertainment company in Americas, Europe, and the Asia Pacific. It operates in three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners. It also provides direct-to-consumer streaming services through Disney+, Disney+ Hotstar, and Hulu; sports-related video streaming content through ESPN, ESPN on ABC, ESPN+ DTC, and Star; sale/licensing of film and episodic content to television and video-on-demand services; theatrical, home entertainment, and music distribution services; DVD and Blu-ray discs, electronic home video licenses, and VOD rental services; staging and licensing of live entertainment events; and post-production services. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort, Disneyland Resort, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney, as well as Aulani, a Disney resort and spa in Hawaii. Further, it licenses its intellectual property (IP) to a third party that owns and operates Tokyo Disney Resort; licenses trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The company was founded in 1923 and is based in Burbank, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding DIS
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Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 13.30M $1.3B 3.59% Mar 2026
Jeff Ubben ValueAct Holdings 400.2K $38.6M 0.68% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q3 2026
Revenue
$25.2B
+7% YoY
Segment Operating Income
$5.6B
+21% YoY
Segment Operating Margin
22.0%
+2.7pp YoY
Adjusted Diluted EPS
$2.06
+28% YoY
What Went Right
  • Experiences delivered record Q3 revenue of ~$10.0B, up 10%, with global guests +4%, domestic parks attendance +3% and per-cap spending +4%.
  • Entertainment segment OI jumped 64% to $1.68B, supported by Toy Story 5 crossing $1B global box office and Disney+ SVOD operating margin of 13%.
  • ESPN sports momentum was strong: NBA Finals/NHL postseason viewership more than doubled YoY, upfront sports volume was up low-teens and Super Bowl inventory sold out.
What to Watch
  • International attendance remains soft, especially in Asia; management cited a weaker consumer at Shanghai and Hong Kong parks continuing into Q4.
  • Theatrical volatility showed up as The Mandalorian & Grogu and live-action Moana missed box-office expectations, though diversified segment results absorbed the miss.
  • Sports segment OI declined 17% to $858M in Q3, and management noted streaming ad pricing pressure from growing supply in the market.
Management Guidance
  • Q4 FY26 total segment operating income of approximately $4.9B, including the 53rd week.
  • FY26 adjusted EPS growth of approximately 12% excluding the 53rd week and approximately 16% including the 53rd week.
  • Experiences segment OI expected at the high end of high single-digit growth for FY26, excluding the 53rd week; share repurchases raised to at least $9B.
Investor Lens
The thesis is stronger after this call. Disney beat its own segment OI guidance, delivered record Experiences revenue and 13% SVOD margins, and reiterated ~12% FY26 adjusted EPS growth ex-53rd week while raising buybacks to at least $9B. The diversified model is absorbing theatrical misses, but continued international softness and ad supply pricing pressure remain monitored risks.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong: revenue $25.2B +7%, segment OI +21%, EPS +28%
Revenue
Q3 revenue rose 7% YoY to $25.2B. Entertainment revenue grew 6% to $11.3B, Sports 4% to $4.5B, and Experiences 10% to ~$10.0B.
Profitability
Total segment operating income increased 21% to $5.6B. GAAP diluted EPS fell to $1.51 from $2.92, while adjusted EPS rose 28% to $2.06, and income before income taxes increased 14% to $3.6B.
Margins
Segment operating margin expanded ~2.7pp to 22.0% from 19.3% YoY. Disney+ SVOD operating margin was 13% in Q3, keeping the company on track for double-digit FY26 SVOD margins.
Balance Sheet
Q3 free cash flow was $3.07B, up 63% YoY, while nine-month FCF was $5.74B, down 24%. Management said it is not looking to build cash, likes current leverage, and raised FY26 buybacks to at least $9B.
Key Risks
International attendance weakness, particularly in Asia, continued but moderated. Film portfolio volatility was highlighted by misses on The Mandalorian & Grogu and live-action Moana. Streaming advertising remains competitive with pricing pressure from increased supply.
Outlook
Q4 total segment OI is guided to ~$4.9B including the 53rd week. FY26 adjusted EPS growth is expected at ~12% ex-53rd week and ~16% including the 53rd week.
Generated by AI · Q3 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-08-05
Q3 saw 21% operating income growth and 7% revenue growth year-over-year, with record results in Experiences and strong performance across Disney+, ESPN, and Studios. Guidance was raised for Experiences, share repurchases increased, and strategic investments in technology, content, and fan engagement continue to drive growth.
Q2 2026 Q2 2026 2026-05-06
Revenue and operating income grew 7% and 4% year-over-year, exceeding guidance, with strong streaming and Experiences performance. Strategic focus remains on creative IP, technology, and global expansion, while efficiency initiatives and capital investments support long-term growth.
Q1 2026 Q1 2026 2026-02-02
Strong box office, streaming profitability, and record sports ratings drove a robust Q1, with experiences revenue surpassing $10B and global expansion underway. Streaming margins improved, and new content plus technology initiatives are set to fuel further growth.
Q4 2025 Q4 2025 2025-11-13
Adjusted EPS grew 19% year-over-year, with strong gains in streaming profitability and record results in experiences. Double-digit EPS growth and robust free cash flow are expected in 2026, supporting increased share repurchases and dividends.
Q3 2025 Q3 2025 2025-08-06
Strong Q3 performance driven by record theme park revenue, robust cruise bookings, and strategic streaming integration. ESPN expands with new NFL and WWE rights, while Hulu merges into Disney+ to boost engagement and margins. 2026 guidance and DTC margin targets remain unchanged.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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