The Globe and Mail reports in its Thursday, Aug. 6, edition that Walt Disney's strong third quarter was fueled by $1-billion from Toy Story 5 and robust U.S. theme park attendance, despite ongoing challenges from international tourism (all figures U.S.).
An Associated Press dispatch to The Globe reports that Disney also announced a global short-form content sharing deal with TikTok on Wednesday. The agreement will bring Disney-focused fan-created content from TikTok to the Disney+ app.
Disney cautioned earlier this year that its theme parks division would likely see modest growth owing in part to declining tourism from abroad.
The Experiences division, which includes Disney's six global theme parks, its cruise line, merchandise and video game licensing, reported that operating income climbed 20 per cent to $3.02-billion and revenue totalled $9.97-billion. Operating income rose 27 per cent at domestic parks, while operating income declined 13 per cent for international parks and Experiences.
United States park attendance rose 3 per cent from last year due to increased domestic tourist visits and annual passholder participation, aided by summer promotions and new experiences.
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