Walt Disney reported a rise in quarterly revenue driven in large part by the strong global performance of its latest release, *Toy Story 5*. The film, which debuted in mid-June, has grossed more than $1 billion worldwide and contributed significantly to increased merchandise sales and higher attendance at Disney’s theme parks across the United States.

In the quarter ending June 30, Disney’s total revenue reached $25.2 billion, marking a 7 percent increase from the same period last year. Operating income climbed to $5.6 billion, a 21 percent rise that exceeded analysts’ expectations. Josh D’Amaro, who became chief executive in March, noted that *Toy Story 5* merchandise helped the consumer-products division achieve its strongest year-over-year revenue growth in five years. The success of the film also spurred renewed interest in the earlier four installments of the franchise, with viewers turning to Disney+ for streaming.

Disney’s parks and experiences segment saw nearly $10 billion in revenue, a 10 percent increase, underpinned by a 4 percent rise in global park attendance and a 3 percent gain domestically. Attendance improved despite remaining challenges in attracting international visitors, although Disney indicated that conditions at its parks were gradually improving. D’Amaro emphasized that the company was not relying on discounting to drive volume growth, even as some promotional offers contributed to higher visitor numbers. This contrasts with competitor Comcast’s Universal Studios, which recently reported weaker attendance at its Orlando parks, citing higher fuel costs and softer consumer sentiment.

While *Toy Story 5* underpinned much of the revenue growth, other recent releases had mixed results. The live-action *Moana* and *Star Wars: The Mandalorian* did not meet box office expectations, according to D’Amaro. Nonetheless, these franchises continued to contribute to merchandise sales and helped attract guests to Disney’s parks. Disney also plans to expand its digital reach through a new partnership with TikTok, enabling content creators to use clips from *Toy Story*, *Star Wars*, and Marvel properties. This initiative follows the termination of a previous agreement with OpenAI related to an AI-based video generation project.

Disney reported net income of $2.6 billion for the quarter, slightly below Wall Street forecasts. The company announced an increase in its share buyback program, boosting the total stock repurchase target to $9 billion for the year, an increase from approximately $8 billion. This move was partly funded by $1.2 billion from the sale of a half-stake in A+E Global to Hearst.

Looking ahead, D’Amaro mentioned plans to introduce a free, ad-supported channel for Disney’s streaming platform. The service aims to serve as a “funnel” to attract price-sensitive audiences to Disney+, reflecting the company’s strategic priority to broaden its subscriber base.