Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter — and strikes a TikTok deal

Disney CEO Josh D'Amaro unveiled earnings results after his first complete quarter at the helm. VCG/VCG via Getty Images Disney pleased both Wall Street and TikTok fans in its first full quarter under CEO Josh D'Amaro.Shares rose over 4% in premarket trading as the Mouse House posted strong earnings for the quarter that ended June 27.Adjusted diluted earnings per share were up 28% year-over-year to $2.06, higher than analysts' estimate of $1.86 per share. Streaming operating income more than doubled to $712 million this quarter.Revenue rose 7% year-over-year to $25.25 billion, which was just below the estimate of $25.39 billion from analysts polled by Bloomberg.Disney also announced a TikTok deal that will bring more short-form vertical video to Disney+ in the coming months. This deal will put user-generated content on Disney+ for the first time with curated content from creators.Heading into the earnings report, Disney's stock had fallen 13.7% in 2026 and 17% in the last 12 months.Disney had impressed investors in D'Amaro's first-ever earnings call in charge, as shares popped 7.5% on the back of robust revenue and earnings growth.D'Amaro had unveiled the three pillars of his long-term strategy: investing in IP and creativity, better connecting with consumers, and leaning into "advanced technologies," including AI.This story is developing. Read next Media Disney Disney Plus More TikTok