So Disney’s about to drop their Q3 earnings on Wednesday (August 6), and honestly? The House of Mouse has been on an absolute tear lately. We’re talking two straight quarters of absolutely crushing Wall Street’s expectations – like, not just beating them, but taking them out back and giving them the full Thanos treatment.
Here’s the deal: analysts are expecting Disney to post $1.45 per share for Q3, which would be about a 5.8% bump from last year. Sounds modest, right? But here’s where it gets spicy – Disney has been making analysts look like they’re guessing stock prices with a Magic 8-Ball. Last quarter? They hit that exact $1.45 target and beat estimates by 20%. The quarter before that? They posted $1.76 and crushed expectations by nearly 23%.
It’s like watching someone nail free throws blindfolded – at some point, you start wondering if there’s something more going on here.
The revenue side is looking for $23.76 billion, up about 2.6% year-over-year. Not exactly rocket ship growth, but hey, we’re talking about a company that’s basically the size of a small country’s GDP at this point.
Disney stock has been having a pretty decent year – up 8% in 2025 and a solid 28% over the past 12 months. Not bad for a company that’s been trying to figure out how to make streaming profitable while everyone else was busy lighting money on fire in the “content wars.”
Speaking of streaming – this is where things get interesting. Last quarter, Disney’s streaming business finally started looking less like a money pit and more like, well, an actual business. Revenue grew 8% to $6.1 billion, but here’s the kicker: streaming operating income exploded 615% to $336 million. That’s the kind of number that makes CFOs do happy dances in boardrooms.
The real plot twist? ESPN is launching their own streaming service in September for $29.99/month (unlimited) or $11.99 (select package). Because apparently, Disney looked at the streaming landscape and thought, “You know what this needs? More confusion about where to watch sports.”
Wall Street is feeling pretty bullish about all this. JP Morgan just bumped their price target to $138 (up from $130), which would be a nice 15% pop from current levels. UBS, MoffettNathanson, and Barclays are all singing similar tunes with targets around $138-$140.
Oh, and let’s not forget – Disney had a little movie called “Lilo and Stitch” that somehow managed to pull in over $1 billion worldwide. Because nothing says “box office magic” like a blue alien causing chaos in Hawaii.
The bottom line? Disney has been on a roll, and Wednesday’s earnings will tell us if they can keep the magic going or if they’re due for a reality check. Either way, it should be more entertaining than most of their recent movie releases.