Disney's fourth-quarter revenue did not meet expectations, as subscription growth increased and content spending was raised.

In Friday's early trading session, the stock price of Walt Disney Company fell by 0.8%. Previously, the company reported a net increase of 3.8 million users for Disney+ and announced that content expenses for the fiscal year 2026 will increase to about $24 billion. However, fourth-quarter revenue did not meet expectations and the stock price declined.