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Disney Beats Earnings Estimates As Parks And Streaming Boost Results

by News Editor

August 5, 2026

Disney posted mixed quarterly results on Wednesday, far surpassing Wall Street expectations for earnings while slightly missing revenue estimates, with its parks and streaming businesses once again driving the company’s performance.

Parks Continue To Drive Growth

Revenue from Disney’s Experiences segment, which includes global theme parks and cruises, rose 10% year over year to $9.97 billion, despite macroeconomic uncertainty that continues to weigh on consumers.

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“Domestically we’re doing extremely well right now,” CFO Hugh Johnston told CNBC, noting that attendance at U.S. parks increased 3%, while per capita spending rose 4%. He also highlighted strong attendance at Walt Disney World in Orlando.

By comparison, Comcast’s NBCUniversal recently reported lower attendance at its Orlando theme parks, citing weaker consumer sentiment and higher travel costs.

Streaming Supports Results

Revenue from Disney’s streaming business, primarily Disney+ and Hulu, increased 11% to $5.53 billion, driven by subscriber growth, price increases and higher advertising revenue.

Overall revenue from the Entertainment segment, which also includes traditional television and theatrical releases, rose 6% to $11.35 billion, helped by the success of Toy Story 5, which has surpassed $1 billion at the global box office.

Disney no longer reports quarterly streaming subscriber numbers or a breakdown of revenue and operating income for its linear television networks.

Earnings Top Forecasts

For the fiscal third quarter ended June 27, Disney reported earnings per share of $2.06, above analysts’ expectations of $1.86, while revenue reached $25.25 billion, slightly below the expected $25.4 billion.

Overall revenue increased 7% year over year, while adjusted earnings rose to $2.06 per share from $1.61 a year earlier. Shares gained roughly 4% in premarket trading following the results.

Sports And Share Buybacks

Revenue from Disney’s Sports segment, led by ESPN, rose 4% to $4.5 billion, supported by subscription and affiliate fees as well as advertising revenue. Johnston said viewership for the NBA and NHL Finals more than doubled compared with last year.

Disney also raised its fiscal 2026 share repurchase target to at least $9 billion, up from $8 billion previously, following the sale of its 50% stake in A+E Global Media to Hearst.

Beginning in fiscal 2027, the company will move much of its consumer products business to the Entertainment division. Separately, Disney announced a global partnership with TikTok aimed at expanding Disney-related fan content across the platform.

The Future Forbes Realty Global Properties

Shein Targets $25 Billion Valuation In Hong Kong IPO As Growth Slows

by News Editor

August 17, 2026

Shein is reportedly targeting a valuation of around $25 billion in its planned Hong Kong IPO, a sharp decline from the nearly $100 billion valuation the online fashion retailer achieved in a 2022 fundraising round.

Two people familiar with the plans said the company was likely to target about $25 billion, while another source put the expected range at $25 billion to $28 billion based on the proposed price band.

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IPO Valuation Falls Sharply

Shein plans to sell up to 8% of its shares in the offering, according to a person familiar with the plans. At a $25 billion valuation, that would translate into an IPO of as much as $2 billion.

The latest target is also below the $30 billion to $40 billion valuation the company was seeking earlier this month as it began meeting with potential investors.

Founded in China in 2012 and now headquartered in Singapore, Shein sells low-cost clothing to consumers in about 160 countries. The company is expected to launch its long-awaited Hong Kong IPO later this week.

Trade Restrictions Weigh On Growth

Shein’s valuation has come under pressure as major markets tighten rules affecting low-cost e-commerce shipments. The European Union, for example, has moved to impose additional fees on cheap parcels from platforms such as Shein and Temu. EU Tightens Rules On Low-Cost E-Commerce Parcels

In the U.S., the removal of an import duty exemption for small packages has also affected the company. Shein reported a $99 million quarterly loss in the first quarter of 2026 as sales growth slowed, while a one-time accounting charge further weighed on its results. Shein Reports First-Quarter Loss Ahead Of IPO

Investors Question Shein’s Growth Prospects

The steep reduction in valuation reflects growing concerns over slower growth, higher trade costs, regulatory pressure and stronger competition across global e-commerce.

Some investors who reviewed Shein’s recent financial statements or attended IPO presentations told Reuters they were skeptical that the company could return to the growth rates that supported its $98.2 billion valuation in 2022. Shein’s Slowing Growth Tests Investor Appetite

A lower IPO valuation could also affect Shein’s existing investors. Under the terms of its IPO filing, the company may have to issue additional shares to certain pre-IPO investors if its valuation falls below agreed thresholds.