The Walt Disney Company

Studios generated more than $6.5 billion in global box office in calendar 2025, third biggest year ever. Zootopia 2 became Hollywood's highest-grossing animated film ever at more than $1.7 billion. Disney has 37 of 60 industry-wide $1 billion films.

Streaming delivered 12% revenue growth and a little over 50% earnings growth in Q1. Last year achieved 5% margin; this year targeting 10% margin. Bundled subscribers churn less, unified app expected by end of calendar year.