Wednesday, May 6th, 2026 – 12:33 pm
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On Wednesday, Josh D’Amaro led his first earnings call as the new CEO of Disney. The company closed last quarter with $25.2 billion in revenue, a 7% year-over-year increase. Disney Entertainment advertising revenue rose 5% YOY, and streaming revenue overall was up 13%.
ESPN ad revenue was down 2% YOY, although subscription and affiliate revenue was up 6%.
ESPN has been center stage in Disney’s growth strategy (and earnings calls) for many consecutive quarters. The slight drop in ESPN ad revenue was due to fewer impressions, according to the shareholder letter, which also cites fewer NBA games as a cause. But it is logical to wonder if the sports space is simply too saturated.
