Disney Tops Profit Estimates and Unveils TikTok Partnership to Bring More Videos to Disney+
Disney Tops Profit Estimates and Unveils TikTok Partnership to Bring More Videos to Disney+
Aaron McDadeWed, August 5, 2026 at 2:43 PM UTC
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Even with Wednesday’s gains, Disney shares are still down about 11% this yearCredit: Erik McGregor / LightRocket via Getty ImagesKey Takeaways -
Disney shares rose Wednesday after the company exceeded profit estimates.
The entertainment giant also announced a partnership with TikTok to bring short-form videos to the Disney+ app.
Disney stock is on the rise after the entertainment giant beat profit estimates and announced a new partnership with TikTok.
Shares of The Walt Disney Company (DIS) were up 3% in recent trading, making it one of the leading gainers on the Dow, after the company posted strong quarterly profits. Disney reported adjusted earnings of $2.06 per share for its fiscal third quarter, topping the $1.84 Visible Alpha consensus. Its revenue rose 7% year-over-year to $25.25 billion, slightly below the $25.41 billion analysts had forecast.
Disney credited global growth in its Experiences segment, the successful theatrical and merchandise release of “Toy Story 5,” and strong ESPN viewership numbers during the NBA playoffs as factors that helped expand its reach during the quarter. Revenue grew across all three of Disney’s segments, with 6% growth in Entertainment, a 4% bump in Sports, and a 10% jump in Experiences.
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Also on Wednesday, Disney announced a new partnership with TikTok, giving creators on the platform “access to assets related to hundreds of films and series,” with short-form videos from TikTok also living on the Disney+ app. The deal comes after Disney previously had an agreement with OpenAI to bring AI-generated videos from its Sora app to Disney+, only for that deal to fall apart when OpenAI decided to shutter the costly Sora service months later.
Wednesday’s report was Disney’s second with new CEO Josh D’Amaro leading the company after he succeeded Bob Iger back in March.
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Source: “AOL Entertainment”
