With the industry still reeling from US President Trump’s movie tariff shocker, Disney announced some good news this morning with a robust Q2 financial report. 

The media giant posted US$23.6 billion in revenue this quarter, representing a 7% increase over the same period last year (US$22.1 billion), and operating income was up 15% to US$4.4 billion. In response, Disney’s share price jumped by around 10% in early morning trading. 

Things are looking up on the DTC front, with flagship streamer Disney+ adding 1.4 million subscribers this quarter (compared to a small decrease in Q1 2025) and forecasting more growth in Q3. The division’s operating income also climbed to US$336 million, compared to US$47 million in Q2 2024. 

Continued linear TV declines and a poor box-office showing from its live-action Snow White remake (pictured)—which only grossed US$201.7 million against a hefty budget in the range of US$240 million to US$270 million—were among Disney’s weak spots in Q2. But year over year, overall revenue for the entertainment segment (US$10.68 billion) was still up by 9%, thanks to winter releases like Moana 2 and Mufasa: The Lion King continuing to perform well.

The experiences segment is also worth highlighting this quarter, with year-over-year revenue up 6% to roughly US$8.8 billion. And Disney made an aptly timed announcement this morning about plans to open a new theme park resort in Abu Dhabi. Though there are no details available yet about the project’s timeline and launch date, this buzzy destination marks the company’s first-ever resort in the Middle East and its seventh global resort overall.

Q2 growth for Disney Experiences—which includes theme parks, resorts, consumer products and cruises—was primarily fueled by higher attendance and spending at domestic parks, where revenue has grown by 9% to US$6.5 billion in the last year. Meanwhile, consumer products revenue clocked in at US$949 million, up 4% thanks to higher licensing revenue from video game Marvel Rivals.