Disney Confirms D’Amaro as CEO as Q1 Shows Growth and Profit Strain

Parks and cruises outperform as sports and streaming face tougher economics.

Overview

Josh D’Amaro will take over as Disney’s chief executive in March 2026, formalizing the company’s leadership transition.
Disney reported roughly 5% year-over-year revenue growth to about $26 billion in fiscal Q1, while operating income and earnings per share declined.
Experiences led results with park revenue up around 7% and cruises boosted by higher passenger days and new ships such as Disney Treasure and Disney Destiny.
Sports operating income fell to $191 million, reflecting higher rights costs and financial complications tied to the Star/Disney+ Hotstar joint venture in India.
Disney de-emphasized Disney+ subscriber totals and signaled a profitability-focused approach to streaming alongside elevated marketing and distribution spending.