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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Full game net bookings were $214 million, up 27%, led by ongoing momentum from Split Fiction and a resurgence in Star Wars Battlefront II.”
EA's Disney-licensed Star Wars Battlefront II saw a bookings resurgence this quarter, a positive read-through for Disney's Star Wars IP licensing revenue.
“we launched 2 FOX One bundled partners earlier this month, ESPN and Verizon.”
Fox launched a FOX One streaming bundle partnership with Disney's ESPN, a distribution read-through for ESPN's DTC ambitions.
“Strength in gift cards was driven by Disney, Uber, and DoorDash.”
Disney gift-card sales were a driver of Costco's gift-card strength in the quarter.
“we came to this late because of our Hulu one-third ownership, which we have been able to monetize.”
Comcast noted it monetized its one-third Hulu ownership (sold to Disney), which had delayed its integrated streaming strategy.
“Our video customer results also include a small benefit related to the YouTube TV Disney dispute.”
The YouTube TV-Disney carriage dispute drove some video subscribers to Charter, a distribution read-through for Disney's programming.
“We have been able to partner with legacy brands, best-in-class brands like Sanrio with Hello Kitty, Disney Mickey, Crocs case, which launched in July this year.”
Touchland ran a co-branded Disney (Mickey) collaboration, a licensing read-through for Disney's consumer-products business.
“In 2026, we expect our largest year ever with our longest-standing partner, The Walt Disney Company.”
Hasbro expects its largest-ever year with Disney across four 2026 film tie-ins, a positive licensing read-through for Disney IP.
“we do that with Google Ad Manager, with Disney. We do that with Roku with HBO Max.”
MercadoLibre supplies its advertising tech stack to Disney among other media partners.
“WWE's $1.6 billion deal with ESPN to become the exclusive home of all premium live events, including WrestleMania.”
TKO's $1.6B WWE media rights deal makes ESPN (Disney) the exclusive home of all WWE premium live events including WrestleMania.
“What Disney has announced they will -- or indicated to us that they will vacate, is there office space on the lock that is not connected to production and that represents less than a third of the office space on the Fox Lot.”
Disney, a tenant on the Fox Lot in Century City, indicated it will vacate non-production office space (under a third of its footprint there); Fox says the highly valuable real estate should backfill easily.
“And then the content lineup that we have, particularly from the Walt Disney Company is amazing.”
Hasbro cites Disney's 2026 film slate (Toy Story 5, Star Wars, Spider-Man, Avengers) as a major tailwind for its licensed toy business.
“we had the launch of the new ESPN app, FOX One, as well as Hulu now included for free.”
Hulu (Disney) is now included free in Spectrum video packages, a positive programmer partnership read-through.
“huge growth in short form and user-generated content on other platforms such as YouTube.”
Disney points to YouTube's growth in short-form and user-generated content as the model it aims to emulate on Disney Plus, framing YouTube as a competitive benchmark.
“the deal we did for Fox in many ways was ahead of its time.”
Iger cites Disney's 2019 acquisition of Twentieth Century Fox assets as well-priced and ahead of its time relative to the current Warner Bros. Discovery bidding.
“we also just closed our transaction with the NFL to acquire NFL Network and other media assets, further bolstering ESPN's offering”
Disney closed its deal with the NFL to acquire NFL Network and other media assets, deepening the ESPN-NFL relationship ahead of ESPN's first Super Bowl.
“a license agreement between ourselves and OpenAI to enable people to prompt Sora to create thirty-second videos of about 250 of our characters”
Disney signed a paid three-year licensing deal letting OpenAI's Sora generate short videos of ~250 Disney characters, with Disney curating that content on Disney Plus.
“the battle for control of Warner Brothers Discovery I think should emphasize or cause investors to appreciate the tremendous value of our assets”
Iger frames the takeover battle for Warner Bros. Discovery as validation of premium media IP value, comparing WBD's price tag favorably against Disney's own asset base.
“If you were to ask the folks at Warner Brothers Discovery about the impact of the Max bundle on them, they would tell you that they've signed up a substantial number of subscribers thanks to the bundle with us.”
Disney cites its Max bundle partnership with Warner Bros. Discovery as lowering churn and driving substantial subscriber additions for WBD.
“And the investment that we made and the agreement that we reached with Epic Games, while that will largely be on their platform, gives us an opportunity to integrate a number of game-like features into Disney Plus.”
Disney's investment in and agreement with Epic Games underpins plans to integrate game-like features into Disney Plus, a positive read-through for the Disney/Epic partnership.
“it's also imperative that we make sure that we agree to a deal that reflects the value that we deliver which both YouTube by the way and Alphabet have told us is greater than the value of any other provider.”
Disney is in an active carriage dispute with Google's YouTube TV; Iger says a deal is close and comparable to other large distributors, an overhang for the Alphabet/YouTube TV distribution relationship.
“even bundling with others like FOX launching their own sports offering, for instance, is that an opportunity for you to bundle other sports offerings in the market and consolidate streaming more broadly?”
An analyst raised FOX's own sports streaming launch as a potential bundling partner or competitor; Iger acknowledged ongoing discussions with other companies about bundling sports offerings without confirming FOX specifically.
“We're also excited to announce that ESPN will be the exclusive home for WWE Premium Live Events, further expanding ESPN's rights portfolio, and we look forward to sharing more soon.”
ESPN secured exclusive rights to WWE Premium Live Events (owned by TKO Group), adding another marquee live-sports property to its direct-to-consumer rights portfolio.
“ESPN and the NFL announced plans for ESPN to acquire NFL Network and certain other media assets owned and controlled by the NFL. In exchange, the NFL will receive a 10% equity stake in ESPN.”
ESPN is acquiring NFL Network and other NFL media assets in exchange for a 10% equity stake in ESPN, alongside an expanded content-rights deal management says will be earnings-accretive in its first year.
“As part of our new strategic partnership with the Miral Group of Abu Dhabi, Disney will oversee design, license our IP and provide operational expertise, while Miral will provide the capital, construction resources and operational oversight.”
Disney signed a licensing/operating partnership with Abu Dhabi's Miral Group to build its seventh theme park resort; Miral funds construction and capital while Disney licenses IP and provides design and operational expertise for a royalty.
Disney's box office franchise dominance continued with calendar 2025 exceeding $6.5 billion globally and Zootopia 2 surpassing $1.7 billion, while DTC delivered about 50% earnings growth and Experiences recorded quarterly revenue exceeding $10 billion for the first time. FY2027 double-digit EPS growth guidance remained unchanged, though international visitation uncertainty weighed on the near-term outlook as the AI content strategy advanced via the OpenAI Sora partnership.
Demand | Subscriber Growth | Competitive Dynamics | Guidance Reliability | Margin | Product Launch | Innovation & R&D | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 6 | 5 | 5 | 4 | 2 | 3 | 1 | 2 |
| 2025Q2 | 9 | 2 | 1 | 1 | 2 | 2 | 1 | |
| 2025Q3 | 4 | 4 | 2 | 2 | 2 | 2 | 1 | 1 |
| 2025Q4 | 4 | 3 | 2 | 2 | 2 | 1 | 2 | |
| 2026Q1 | 2 | 2 | 2 | 3 | 1 | 1 | 1 | 1 |
| 2026Q2 | 3 | 4 | 5 | 1 | 2 | 1 | 5 | 4 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 9 | 4 | 4 | 2 | 3 |
| Subscriber Growth | 5 | 2 | 4 | 3 | 2 | 4 |
| Competitive Dynamics | 5 | 1 | 2 | 2 | 2 | 5 |
| Guidance Reliability | 4 | 1 | 2 | 2 | 3 | 1 |
| Margin | 2 | 2 | 2 | 2 | 1 | 2 |
| Product Launch | 3 | 2 | 2 | 1 | 1 | 1 |
| Innovation & R&D | 1 | 1 | 2 | 1 | 5 | |
| Revenue Growth | 2 | 1 | 1 | 1 | 4 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dave Karnovsky | JPMorgan | 10 (0%) |
| Jessica Reif Ehrlich | Bank of America | 8 (13%) |
| Rob Fishman | MoffettNathanson | 8 (0%) |
| Mike Morris | Guggenheim | 8 (25%) |
| Steve Cahall | Wells Fargo | 7 (14%) |
| Kannan Venkateshwar | Barclays | 7 (0%) |
| John Hodulik | UBS | 6 (17%) |
| Mike Ng | Goldman Sachs | 5 (0%) |
| Ben Swinburne | Morgan Stanley | 5 (0%) |
| Peter Supino | Wolfe Research | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 10 (0%) |
| Bank of America | 1 | 8 (13%) |
| Guggenheim | 1 | 8 (25%) |
| MoffettNathanson | 1 |
| 8 (0%) |
| Morgan Stanley | 3 | 8 (0%) |
| Barclays | 1 | 7 (0%) |
| Wells Fargo | 1 | 7 (14%) |
| UBS | 1 | 6 (17%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DIS The Walt Disney Company | 7 | +6.5% | |
| FOX Fox Corporation (Class B) | 5 | -8.6% | |
| LYV Live Nation Entertainment | 7 | +12.2% | |
| NFLX Netflix, Inc. | 8 | +16.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| TKO TKO Group Holdings | 8 | +25.9% | |
| WBD Warner Bros. Discovery | 4 | -0.8% |