Walt Disney Co (DIS) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Walt Disney Co  (NYSE: DIS)

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Description of Walt Disney Co's Business Segments


The Walt Disney Company (NYSE: DIS) operates through a diversified range of segments, providing a variety of products, services, and experiences. Below is an extensive examination of its current segments, products, and services.

MEDIA NETWORKS
Disneys Media Networks segment plays a critical role in its overall business strategy by featuring a comprehensive range of broadcast and cable television networks, television production operations, television distribution, domestic television stations, and radio networks.

Cable Networks
Within the cable networks segment, Disney owns and operates several high-profile channels:

- ESPN: A leading sports entertainment brand, ESPN encompasses multiple channels including ESPN2, ESPNEWS, ESPN Deportes (Spanish language), and several high-definition simulcasts. ESPN also extends globally with international networks across multiple continents and a digital-first approach with ESPN.com, delivering comprehensive sports content, including live events and analysis.

- Disney Channels Worldwide: This includes over 100 channels available in 34 languages and 166 countries. Channels such as Disney Channel, Disney Junior, and Disney XD cater to diverse age groups, showcasing original programming along with classic Disney content.

- ABC Family (rebranded to Freeform): Targeted at young adults aged 14 to 34, it produces original series alongside acquired content, and offers a digital platform for streaming episodes and additional content online.

- AETN (A&E Television Networks): A joint venture with Hearst Corporation, AETN operates channels such as A&E, HISTORY, and Lifetime, catering to various interests from biography and non-fiction series to lifestyle programming.

Broadcasting
Disney manages the ABC Television Network, which is extensively affiliated with local stations across the United States, providing various types of programming that include news, sports, and entertainment. ABC.com and the Watch ABC app allow audiences to access programming both on streaming platforms and mobile devices.

PARKS AND RESORTS
Disneys Parks and Resorts segment represents a significant opportunity for growth through tourism and family entertainment.

Domestic and International Theme Parks
Disney operates iconic destinations:

- Walt Disney World Resort (Florida): Encompasses four theme parks (Magic Kingdom, Epcot, Disneys Hollywood Studios, Disneys Animal Kingdom), multiple hotels, and entertainment complexes, providing a host of leisure activities including shopping, dining, and various recreational facilities.

- Disneyland Resort (California): Features Disneyland Park and Disney California Adventure, both offering immersive thematic experiences and attractions.

- International Parks: These include Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, each reflecting local culture while incorporating Disneys storytelling magic.

Resort Amenities
Beyond theme parks, Disney manages hotels, cruise lines (Disney Cruise Line), and vacation clubs (Disney Vacation Club), promoting extended stays through diverse accommodations.

STUDIO ENTERTAINMENT
Disneys Studio Entertainment segment is pivotal for content creation, producing and distributing films across various mediums.

Film Production and Distribution
Disney’s film portfolio includes:

- Walt Disney Pictures, Pixar, Marvel, Lucasfilm, and Touchstone brands, producing live-action and animated films seen in theaters and distributed across home entertainment and television networks.

- Disney Music Group: Integrates music into Disney’s films and television productions through Walt Disney Records, Hollywood Records, and Disney Music Publishing.

Expanding Content Reach
Disney also maintains partnerships for film distribution, including agreements with other studios. This allows for a wider variety of films to reach audiences globally.

CONSUMER PRODUCTS
Disney’s Consumer Products segment engages with varied retail channels to design, develop, and sell products based on its intellectual properties.

Merchandise and Licensing
Disney leverages its extensive film and character library to create a diverse range of merchandise sold through:
- Disney Stores: Physical and online stores featuring a variety of merchandise linked to Disney’s franchises, including newly acquired properties like Marvel and Lucasfilm.
- Publishing: This includes children’s books and novels based on Disney characters and stories.

INTERACTIVE
Disneys Interactive segment focuses on delivering branded content across gaming and online platforms.

Interactive Entertainment
This encompasses:
- Interactive Games: Develops games across various platforms that extend Disneys storytelling capabilities into the interactive realm.
- Interactive Media: Engages audiences through platforms like Disney.com, YouTube channels, and mobile applications.

Conclusion
The Walt Disney Company operates a multifaceted business structure that integrates media networks, parks and resorts, studio entertainment, consumer products, and interactive services. This diverse portfolio not only enhances Disneys brand presence but also maximizes consumer engagement across various demographics and geographical locations. As of now, the company continues to innovate within each segment, adapting to modern consumer demands and expanding its global footprint.


Composition of Walt Disney Co Revenues by Segments

 
Total Segments    100 % of total Revenue
Entertainment Segment    46.55 % of total Revenue
Entertainment Entertainment Third Party    45.86 % of total Revenue
Entertainment InterEliminations    0.69 % of total Revenue
Sports Segment    18.31 % of total Revenue
Sports Sports Third Party    16.45 % of total Revenue
Sports InterEliminations    1.86 % of total Revenue
Experiences Segment    37.69 % of total Revenue
Eliminations    -2.55 % of total Revenue
Subscription and affiliate fees    42.05 % of total Revenue
Advertising    11.13 % of total Revenue
Theme park admissions    12.29 % of total Revenue
Resorts and vacations    10.19 % of total Revenue
Retail and wholesale sales of merchandise food and beverage    9.7 % of total Revenue
Merchandise licensing    3.44 % of total Revenue
Content Sales    6.85 % of total Revenue
Other    4.35 % of total Revenue
Entertainment Subscription and affiliate fees    31 % of total Revenue
Entertainment Advertising    6.64 % of total Revenue
Entertainment Merchandise licensing    0.58 % of total Revenue
Entertainment Content Sales    6.85 % of total Revenue
Entertainment Other    1.48 % of total Revenue
Sports Subscription and affiliate fees    12.92 % of total Revenue
Sports Advertising    4.5 % of total Revenue
Sports Other    0.9 % of total Revenue
Experiences Theme park admissions    12.29 % of total Revenue
Experiences Resorts and vacations    10.19 % of total Revenue
Experiences Retail and wholesale sales of merchandise food and beverage    9.7 % of total Revenue
Experiences Merchandise licensing    2.86 % of total Revenue
Experiences Other    2.66 % of total Revenue
Eliminations Subscription and affiliate fees    -1.87 % of total Revenue
Eliminations Other    -0.69 % of total Revenue
Americas    81.05 % of total Revenue
Europe    11.34 % of total Revenue
Asia Pacific    7.61 % of total Revenue
Entertainment Americas    36.67 % of total Revenue
Entertainment Europe    7.34 % of total Revenue
Entertainment Asia Pacific    2.53 % of total Revenue
Sports Americas    17.92 % of total Revenue
Sports Europe    0.31 % of total Revenue
Sports Asia Pacific    0.09 % of total Revenue
Experiences Americas    29.02 % of total Revenue
Experiences Europe    3.69 % of total Revenue
Experiences Asia Pacific    4.99 % of total Revenue
Eliminations Americas    -2.55 % of total Revenue
Unsatisfied performance obligation recognized thereafter    15.89 % of total Revenue

Q2 three months ended (Mar 28 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Total Segments 25,168.00 100 %
Entertainment Segment 11,715.00 46.55 %
Entertainment Entertainment Third Party 11,541.00 45.86 %
Entertainment InterEliminations 174.00 0.69 %
Sports Segment 4,609.00 18.31 %
Sports Sports Third Party 4,140.00 16.45 %
Sports InterEliminations 469.00 1.86 %
Experiences Segment 9,487.00 37.69 %
Eliminations -643.00 -2.55 %
Subscription and affiliate fees 10,582.00 42.05 %
Advertising 2,802.00 11.13 %
Theme park admissions 3,092.00 12.29 %
Resorts and vacations 2,564.00 10.19 %
Retail and wholesale sales of merchandise food and beverage 2,442.00 9.7 %
Merchandise licensing 865.00 3.44 %
Content Sales 1,725.00 6.85 %
Other 1,096.00 4.35 %
Entertainment Subscription and affiliate fees 7,801.00 31 %
Entertainment Advertising 1,670.00 6.64 %
Entertainment Merchandise licensing 146.00 0.58 %
Entertainment Content Sales 1,725.00 6.85 %
Entertainment Other 373.00 1.48 %
Sports Subscription and affiliate fees 3,251.00 12.92 %
Sports Advertising 1,132.00 4.5 %
Sports Other 226.00 0.9 %
Experiences Theme park admissions 3,092.00 12.29 %
Experiences Resorts and vacations 2,564.00 10.19 %
Experiences Retail and wholesale sales of merchandise food and beverage 2,442.00 9.7 %
Experiences Merchandise licensing 719.00 2.86 %
Experiences Other 670.00 2.66 %
Eliminations Subscription and affiliate fees -470.00 -1.87 %
Eliminations Other -173.00 -0.69 %
Americas 20,399.00 81.05 %
Europe 2,854.00 11.34 %
Asia Pacific 1,915.00 7.61 %
Entertainment Americas 9,230.00 36.67 %
Entertainment Europe 1,848.00 7.34 %
Entertainment Asia Pacific 637.00 2.53 %
Sports Americas 4,509.00 17.92 %
Sports Europe 78.00 0.31 %
Sports Asia Pacific 22.00 0.09 %
Experiences Americas 7,303.00 29.02 %
Experiences Europe 928.00 3.69 %
Experiences Asia Pacific 1,256.00 4.99 %
Eliminations Americas -643.00 -2.55 %
Unsatisfied performance obligation recognized thereafter 4,000.00 15.89 %
Total 25,168.00 100 %




Q2 three months ended (Mar 28 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Total Segments 6.55 % -3.13 %
Entertainment Segment 9.67 % 0.91 %
Entertainment Entertainment Third Party 9.24 % 0.76 %
Entertainment InterEliminations 48.72 % 12.26 %
Sports Segment 1.65 % -6.11 %
Sports Sports Third Party -0.65 % -8.43 %
Sports InterEliminations 27.79 % 20.88 %
Experiences Segment 6.73 % -5.19 %
Eliminations - -
Subscription and affiliate fees 10.16 % 7.79 %
Advertising 1.71 % -13.84 %
Theme park admissions 5.93 % -6.33 %
Resorts and vacations 8.69 % 6.39 %
Retail and wholesale sales of merchandise food and beverage 4.67 % -10.91 %
Merchandise licensing 1.53 % -23.92 %
Content Sales 4.93 % -13.58 %
Other -4.94 % -17.41 %
Entertainment Subscription and affiliate fees 13.75 % 7.6 %
Entertainment Advertising 4.51 % -5.92 %
Entertainment Merchandise licensing -1.35 % -24.35 %
Entertainment Content Sales 8.22 % -10.9 %
Entertainment Other -22.93 % -18.02 %
Sports Subscription and affiliate fees 5.55 % 8.98 %
Sports Advertising -2.16 % -23.36 %
Sports Other -8.5 % -41.9 %
Experiences Theme park admissions 5.93 % -6.33 %
Experiences Resorts and vacations 8.69 % 6.39 %
Experiences Retail and wholesale sales of merchandise food and beverage 4.67 % -10.91 %
Experiences Merchandise licensing 2.13 % -23.83 %
Experiences Other 16.72 % 9.84 %
Eliminations Subscription and affiliate fees - -
Eliminations Other - -
Americas 4.69 % -2.22 %
Europe 16.49 % -7.31 %
Asia Pacific 13.58 % -6.13 %
Entertainment Americas 7.88 % 2.31 %
Entertainment Europe 17.48 % 4.05 %
Entertainment Asia Pacific 15.19 % -21.45 %
Sports Americas 1.49 % -6.32 %
Sports Europe 8.33 % 4 %
Sports Asia Pacific 15.79 % 4.76 %
Experiences Americas 4.78 % -3.53 %
Experiences Europe 15.28 % -24.43 %
Experiences Asia Pacific 12.75 % 3.97 %
Eliminations Americas - -
Unsatisfied performance obligation recognized thereafter - 0 %
Total 6.55 % -3.13 %




Q2 three months ended (Mar 28 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 2,465.00 9.79 %




Q2 three months ended (Mar 28 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total -27.52 % -0.76 %




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