The Walt Disney Company has reported net income of $2.8 billion on revenues of $22.7 billion for its fiscal third quarter ended June 28, 2026, compared to net income of $5.9 billion on revenues of $23.7 billion for the same period last year.

The third quarter earnings this year were negatively impacted by restructuring and impairment charges while last year’s were boosted by a large one-time tax benefit.

Reported earnings per share for this year’s third quarter were $1.52 compared to $2.92 last year.

Third quarter revenues were driven by a 10 percent increase in the Experiences section, which includes parks and Disney Cruise Line, and a 6 percent increase in Entertainment.

Entertainment represented 45 percent of the revenues and Experiences 39 percent.

This was the first full quarter with both of Disney Cruise Line’s newest ships in service, the Disney Destiny and the Disney Adventure, increasing the stateroom capacity by approximately 50 percent, according to a prepared statement, which also said the company remains encouraged by the current occupancy and forward bookings, and is looking forward to bring additional cruise line capacity online in the years ahead.

Disney stated further that its increasingly global and diversified Experiences business aligns closely with its investments around the world. The fiscal third quarter saw a 4 percent increase in global guests versus last year’s third quarter, a 2 percent increase in the second quarter and a 4 percent increase in the first quarter.

Disney Cruise Line launched the Disney Adventure out of Singapore earlier this year and now sails eight ships with an estimated annual guest capacity of 1.7 million, according to the Cruise Industry News 2026 Annual Report.

The Disney Believe is set to enter service in 2027, followed by another sister ship to be operated out of Japan also in 2029, and then a new class of ships coming late in 2029 and another in 2030, for a total of 13 ships.