Media
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.
Other Movies & Entertainment companies