Disney CEO Josh D'Amaro: Parks were 'big surprise' in Q3, company has 'clarity' and 'stability'
Speakers
Josh D'Amaro
— CEO, Walt Disney Company (The)
Summary
Josh D'Amaro, in his first CNBC interview as Disney CEO, discusses Q3 results, the strong parks performance, streaming profitability, ESPN's direct-to-consumer pivot and the company's 'one Disney' strategy. He acknowledges the stock's underperformance but argues execution across streaming, experiences, ESPN and films should bring shareholder returns back. The interview is set around Disney's D23 fan event.
- Josh D'Amaro reflects on five months as Disney CEO and Q3 earnings.
- Q3 showed revenue growth, 28% earnings growth and a positive parks surprise.
- Parks and experiences continue generating returns for Disney.
- Streaming has become profitable and is positioned as the digital centerpiece.
- ESPN direct-to-consumer pivot and film slate are key priorities.
- D'Amaro says Disney stock underperformance should reverse with continued execution.
Ideas
Disney execution should restore shareholder returns
Josh D'Amaro argues Disney is executing well and is positioned for shareholder returns: Q3 showed revenue growth and 28% earnings growth, parks surprised positively and continue generating returns, streaming margins are expanding, and ESPN is pivoting to direct-to-consumer. He says if Disney keeps executing on streaming growth, experiences, ESPN direct-to-consumer and films, the stock's recent underperformance should reverse.
Up Next
This CNBC video, published August 14, 2026, features Josh D'Amaro discussing DIS. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Josh D'Amaro · Tickers: DIS