Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter — and strikes a TikTok deal

• Disney shares rose in pre-market trading as it topped earnings estimates.
• Streaming operating income more than doubled in its June quarter.
• The Mouse House also struck a deal with TikTok to bring more short-form video to its platform.

Disney pleased both Wall Street and TikTok fans in its first full quarter under CEO Josh D'Amaro.

Shares rose over 4% in premarket trading as the Mouse House posted strong earnings for the quarter that ended June 27.

Adjusted diluted earnings per share were up 28% year-over-year to $2.06, higher than analysts' estimate of $1.86 per share. Streaming operating income more than doubled to $712 million this quarter.

Revenue rose 7% year-over-year to $25.25 billion, which was just below the estimate of $25.39 billion from analysts polled by Bloomberg.

Disney also announced a TikTok deal that will bring more short-form vertical video to Disney+, while giving its flagship streamer user-generated content for the first time.

Heading into the earnings report, Disney's stock had fallen 13.7% in 2026 and 17% in the last 12 months.

Disney had impressed investors in D'Amaro's first-ever earnings call in charge, as shares popped 7.5% on the back of robust revenue and earnings growth.

D'Amaro had unveiled the three pillars of his long-term strategy: investing in IP and creativity, better connecting with consumers, and leaning into "advanced technologies," including AI.

This story is developing.