Disney+ and Hulu (streaming)
Streaming profit is growing fast: SVOD operating margin was 13% in fiscal Q3 2026, and Hulu standalone subscribers can now link profiles on Disney+.
The numbers
What it is
Disney's subscription video-on-demand business (Entertainment SVOD), covering Disney+ and Hulu. Revenue comes mainly from subscription fees, with advertising a smaller share. The fiscal Q3 2026 release reports SVOD revenue and operating margin, not subscriber counts.
Why it matters to the stock. Streaming profit is now a main driver of Entertainment segment earnings. Traders watch SVOD margin, churn and ad demand, which the company said was softer in the domestic market in fiscal Q3 2026.
News
Disney+ to stream Super Bowl LXI on February 14, 2027, alongside ESPN and ABC
Disney announced with ESPN and the NFL that Disney+ will livestream Super Bowl LXI on February 14, 2027, the first time the game streams on the service.
WSJ reports Disney plans to consolidate TV divisions and cut hundreds of jobs; shares fall about 3%
The Wall Street Journal reported that Disney plans to consolidate its television divisions around streaming and cut hundreds of jobs.
Adam Smith named chairman of Disney's direct-to-consumer division; Joe Earley moves to content role
Disney named Adam Smith chairman of its Direct-to-Consumer division within Disney Entertainment, which oversees Disney+ and Hulu.
Disney raises fiscal 2026 buyback target to at least $9B from $8B
Disney raised its fiscal 2026 share repurchase target to at least $9B, up from at least $8B.
Disney fiscal Q2 2026 beats: adjusted EPS $1.57, streaming profit up 88%, buyback raised to $8B
Disney reported fiscal Q2 2026, the quarter ended March 28, with revenue of $25.17B, up 7%, and adjusted EPS of $1.57, up 8%.
OpenAI shuts down Sora, ending Disney's roughly $1B AI partnership
OpenAI said on March 24, 2026 that it would shut down its Sora video app, which ends its partnership with Disney.
Disney fiscal Q1 2026: revenue up 5% to $25.98B, adjusted EPS down 7% to $1.63
Disney reported fiscal Q1 2026, the quarter ended December 27, 2025, with revenue of $25.98B, up 5%, but total segment operating income fell 9% to $4.60B.