AcquisitionsMay 6, 2026, 06:47 AM
Walt Disney Completes NFL, FuboTV Deals; Q1 EPS $1.27, Net Income Down 31%
AI Summary
Walt Disney Co. completed significant strategic transactions, including ESPN's acquisition of NFL media assets for a 10% noncontrolling interest in ESPN, valued at approximately $3 billion, and the combination of Hulu Live TV assets with FuboTV, giving Disney a 70% interest. For the quarter ended March 28, 2026, total revenues increased by 6.55% to $25.17 billion, but net income attributable to Disney decreased by 31.4% to $2.25 billion, with diluted EPS falling to $1.27.
Key Highlights
- ESPN acquired NFL Network and other media assets for a 10% noncontrolling interest in ESPN, valued at approximately $3 billion.
- Walt Disney combined Hulu Live TV assets with FuboTV, gaining a 70% economic and voting interest in Fubo.
- Total revenues for the quarter increased 6.55% to $25.17 billion from $23.62 billion year-over-year.
- Net income attributable to Disney decreased 31.4% to $2.25 billion from $3.28 billion year-over-year.
- Diluted EPS decreased 29.83% to $1.27 from $1.81 year-over-year.
- Experiences segment revenue grew 6.73% to $9.49 billion; operating income rose 4.98% to $2.62 billion.
- Entertainment segment revenue increased 9.67% to $11.72 billion; operating income rose 6.2% to $1.34 billion.
- The company repurchased $5.5 billion of common stock in the six months ended March 28, 2026.