Disney disclosed that Zootopia 2 has amassed ¥4.5 billion (approximately $630 million) in ticket sales in mainland China, making it the highest‐grossing Hollywood release in that market’s history. The animated sequel’s performance surpassed the previous record holder by over 15% and accounted for nearly 12% of Disney’s global box office receipts in calendar 2025. This milestone underscores the franchise’s strong brand equity in Greater China and bolsters Disney’s theatrical revenue outlook for the remainder of its fiscal year.

In its fiscal first quarter commentary, Disney revealed that a 15‐day blackout of ESPN and other Disney‐owned channels on YouTube TV in November reduced the sports segment’s operating income by approximately $110 million. Overall sports operating income for Q1 fell 23% year-over-year to $191 million, reflecting the carriage dispute’s impact alongside higher programming and production expenses and a modest decline in subscription and affiliate fees.

For the quarter ended December 27, 2025, Disney reported revenues of $26.0 billion, up 5% from $24.7 billion a year earlier. Income before income taxes held steady at $3.7 billion, while total segment operating income decreased 9% to $4.6 billion. GAAP diluted earnings per share declined to $1.34 from $1.40, and adjusted EPS fell to $1.63 from $1.76. Operating cash flow for the period totaled $735 million, down from $3.2 billion in Q1 fiscal 2025, reflecting higher working capital requirements.

Entertainment revenues rose 7% to $11.6 billion, driven by higher theatrical and subscription revenues, but operating income contracted 35% to $1.1 billion due to increased content and marketing spend. Sports revenue inched up 1% to $4.9 billion, yet operating income declined as noted above. Experiences (theme parks & resorts) delivered record quarterly revenue of $10.0 billion and segment operating income of $3.3 billion, with domestic park attendance up 1% and per-capita guest spending rising 4% year-over-year.