Media
Price
$105.31
-1.73%Market Cap
$185.03B
Day High
$106.88
Day Low
$105.17
Disney's Q3 FY2026 revenue grew 7% to $25.2 billion and operating income jumped 21%, but net income halved due to a prior-year one-time Hulu tax benefit.
Key risk: Risk from Renewal of Long-Term Programming and Distribution Contracts
Disney faces uncertainty in renewing carriage agreements with MVPDs and other distributors, which could lead to temporary or longer-term service blackouts. For example, NFL Network and NFL RedZone were removed from Comcast Xfinity in Q3 FY2026 after a contract expiration without renewal terms, and channels were temporarily removed from YouTube TV earlier in the fiscal year. These events can disrupt subscription and advertising revenue.
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