Q3 2026 Earnings

Domestic Hotel Per Room Guest Spending Growth

3.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

Domestic Theme Park Per Capita Guest Spending Growth

4.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

International Hotel Per Room Guest Spending Growth

7.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

International Theme Park Per Capita Guest Spending Growth

7.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

Global Guests Increase (Decrease)

4.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

Domestic Available Hotel Room Nights

2.6K

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

International Available Hotel Room Nights

797

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

Domestic Hotel Occupancy

91.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.

International Hotel Occupancy

85.0%

Key Metrics In addition to revenue, costs and operating income, management uses the following key metrics to analyze trends and evaluate the overall performance of our Parks & Experiences, and we believe these metrics are useful to investors in analyzing the businesses: Quarter Ended June 27, 2026 | | | June 28, 2025 Global guests (1) increase (decrease) 4 % | | | 1 % Domestic International (2) Quarter Ended | | | Quarter Ended June 27, 2026 | | | June 28, 2025 | | | June 27, 2026 | | | June 28, 2025 Parks Increase (decrease) Attendance (3) 3 % | | | — % | | | — % | | | 1 % Per Capita Guest Spending (4) 4 % | | | 8 % | | | 7 % | | | 2 % Hotels Occupancy (5) 91 % | | | 86 % | | | 85 % | | | 87 % Available Hotel Room Nights (in thousands) (6) 2,565 | | | 2,566 | | | 797 | | | 791 Change in Per Room Guest Spending (7) 3 % | | | 2 % | | | 7 % | | | (3) % (1) Global guests is used to analyze combined volume trends across our theme parks and cruise businesses and is defined as the sum of theme park attendance and passenger cruise days. Passenger cruise days is the number of passengers on a cruise multiplied by the number of days in the voyage. (2) Per capita guest spending growth rate and per room guest spending growth rate exclude the impact of changes in foreign exchange rates. (3) Attendance is used to analyze volume trends at our theme parks and is based on the number of unique daily entries, i.e. a person visiting multiple theme parks in a single day is counted only once. Our attendance count includes complimentary entries but excludes entries by children under the age of three. (4) Per capita guest spending is used to analyze guest spending trends and is defined as total revenue from ticket sales and sales of food, beverage and merchandise in our theme parks, divided by total theme park attendance. (5) Occupancy is used to analyze the usage of available capacity at hotels and is defined as the number of room nights occupied by guests as a percentage of available hotel room nights. (6) Available hotel room nights is defined as the total number of room nights that are available at our hotels and at Disney Vacation Club (DVC) properties located at our theme parks and resorts that are not utilized by DVC members. Available hotel room nights include rooms temporarily taken out of service. (7) Per room guest spending is used to analyze guest spending at our hotels and is defined as total revenue from room rentals and sales of food, beverage and merchandise at our hotels, divided by total occupied hotel room nights.