Disney's solid third quarter was driven by a $1 billion box office haul from “Toy Story 5” and the strong draw of U.S. theme parks that helped to offset continued weakness from international tourism.
Disney also announced a global short-form content sharing deal with TikTok on Wednesday. The agreement will bring Disney-focused fan-created content from TikTok to the Disney+ app.
Shares climbed more than 3% before the market opened on Wednesday.
The Walt Disney Co. cautioned earlier this year that its theme parks division would likely see modest growth due in part to declining tourism from abroad.
International tourism in the U.S. has waned for a number of reasons after President Donald Trump’s return to the White House, including tariffs, a crackdown on immigrants, and repeated jabs at alliednations.
The Experiences division, which includes Disney’s six global theme parks, its cruise line, merchandise and video game licensing, reported that operating income climbed 20% to $3.02 billion and revenue totaled $9.97 billion. Operating income rose 27% at domestic parks, while operating income declined 13% for international parks and Experiences.
Overall attendance at U.S. parks climbed 3% from a year ago on an increase in attendance from domestic tourists and annual passholders. The company said the performance was also helped by summer promotions and new experiences being offered at the parks.
Disney got a substantial boost from “Toy Story 5” in the quarter, topping $1 billion in global box office. The movie also increased viewings of other Toy Story films on Disney+, and Toy Story merchandise sales helped give the company its strongest quarter of year-over-year growth in Consumer Products revenue in 20 quarters. The company also noted the strong performance of “The Devil Wears Prada 2,” particularly overseas.
Disney earned $2.64 billion, or $1.51 per share, for the three months ended June 27. It earned $5.26 billion, or $2.92 per share, a year ago.
Removing one-time charges and benefits, earnings were $2.06 per share. That easily topped the $1.86 per share that analysts polled by FactSet predicted.
Revenue for the Burbank, California-based company rose 7% to $25.25 billion. Wall Street was looking for $25.39 billion.
Disney said it recorded an approximately $100 million tariff refund after the Supreme Court struck down some of President Donald Trump’s most sweeping levies on trade. The company said that it may receive additional refunds in future quarters, but that the monetary amounts are expected to be insignificant.
Disney is anticipated to have a very strong showing at the box office through the end of the year.
FILE - In this Nov. 13, 2019 file photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. (AP Photo/Steven Senne, File)
An Associated Press investigation found that President Donald Trump's administration has detained dozens of parents and spouses of active-duty U.S. military service members as it rolls back immigration protections for their families to pursue its mass deportation agenda.
The immediate family members of U.S. troops have generally not been targets of immigration enforcement. But the AP found they're now routinely being detained for months as they try to adjust their legal status through policies available to service members' close relatives, even as the military recruits by advertising these benefits.
Experts warn that detaining troops' family members undermines military preparedness even as the U.S. is at war in Iran. Military members whose spouses and parents have been placed in detention lose emotional support networks and caretakers for their children, delaying deployments and forcing some to take leave.
Here are the main takeaways from the AP's reporting:
The AP found that at least 51 parents and spouses of active-duty service members have been detained by immigration officers since Trump took office for a second term, and at least six have been deported. At least eight immediate family members of U.S. service members remain in federal immigration custody.
The AP's review is the first accounting of such detentions, and it's likely an undercount. The government does not track such data.
The AP obtained information by analyzing thousands of federal court records compiled by Habeas Docket, a project run by the Immigration Justice Transparency Initiative; by reviewing existing media coverage; and by verifying information with family members and attorneys.
“DHS and ICE value the contributions of all those who have served in the U.S. military,” DHS said in a statement. “U.S. military service alone does not automatically grant lawful immigration status, or exempt aliens from the consequences of violating U.S. immigration laws.”
The Pentagon declined to comment.
Army Staff Sgt. Alexis Jaramillo had to take administrative leave from his job training soldiers at Fort Polk, Louisiana, to care for his 5-year-old stepson, Noah, after his Brazilian wife, Maisa Lopes Eliaser, was detained in early July.
“It is really overwhelming because I need to take care of my kid by myself. No one is here to help me out,” Jaramillo said.
Other military service members who spoke with the AP echoed these sentiments. At least one soldier had to delay deployment to care for her 5-year-old son after her husband was detained by ICE, court records show.
A new policy, implemented in April 2025, states that “military service alone does not exempt aliens from the consequences of violating U.S. immigration laws.”
Dan Gividen, who served as ICE’s deputy chief counsel from 2016 to 2019 under Trump, represents a soldier’s father who has been in ICE custody for more than eight months. He said that during his time as an ICE prosecutor, immigration authorities rarely detained service members’ immediate family members unless they had committed violent crimes.
“We would not place them into removal proceedings, period. That’s insane,” Gividen said. “The fact that they’re doing it now is just outrageous.”
One of the military’s most highly advertised immigration benefits is “military parole-in-place,” which allows the spouses, children and parents of active-duty service members and veterans to obtain legal immigration status from within the U.S.
The policy was implemented under Republican President George W. Bush during the U.S. war with Iraq in 2007 and codified under Democratic President Barack Obama. But DHS agencies have discretion over whether to grant it on a case-by-case basis.
The AP found that family members of troops are being held in detention despite having pending military parole-in-place applications and some were detained while appearing at appointments to adjust their legal status.
Recruiters for the Army and the National Guard still promote enlistment as a way to protect family members from immigration enforcement.
Recruiters are expected to highlight the benefits of service to attract applicants, Army spokesperson Christopher Surridge said.
The National Guard said it does not track detentions of its troops’ relatives or which recruiters advertise immigration benefits and referred additional comment to DHS.
Cpl. Jose Manuel Vilchis-Valle said recruiters used these benefits to help convince him to enlist. But his mother was detained at an appointment in August 2025 and deported to Mexico within a week even as she was trying to adjust her legal status.
“They basically told me that if you serve, and if you served honorably, you can help your parents,” said Vilchis-Valle, 23, who was honorably discharged shortly after his mother was deported. “In a perfect world, I wished, because of my service, they could have pardoned her.”
Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Army Staff Sgt. Alexis Jaramillo shows photos of his wife, Maisa Lopes Eliaser, a Brazilian national who is detained by ICE, near the South Louisiana ICE Processing Center where she is currently held, in Basile, La., Sunday, Aug. 2, 2026. (AP Photo/Joseph Vidrine)
Army Staff Sgt. Alexis Jaramillo poses with a photo of his wife, Maisa Lopes Eliaser, a Brazilian national who is being detained by ICE, before visiting her at the South Louisiana ICE Processing Center in Basile, La., Sunday, Aug. 2, 2026. (AP Photo/Joseph Vidrine)
Army Sgt. Hedar Leonel Turcios Juarez, whose wife Cristy has been detained by immigration authorities, looks at family photos at home in El Paso, Texas, July 21, 2026. (AP Photo/Ryan Romero)
Army Sgt. Hedar Leonel Turcios Juarez holds a picture of himself with with his wife Cristy, who is currently on immigration detention, at home in El Paso, Texas, July 21, 2026. (AP Photo/Ryan Romero)
