# Josh D’Amaro made his Wall Street debut on March 28.

*business · news · 2026-05-06 · Variety*

## Key points

- Disney's entertainment streaming segment achieved its first double-digit operating margin at 10.6% this quarter.
- Disney will not proceed with a planned $1 billion investment in OpenAI after Sora's abrupt shutdown.
- The acquisition of a 70% stake in Fubo contributed a 4% revenue lift and expense increase to Disney's entertainment segment.
- Disney expects at least $8 billion in share repurchases and 12% adjusted EPS growth in fiscal 2026.
- Disney's collaboration with Epic Games led to 780 million hours played by 80 million unique Fortnite players.

**Companies:** Disney
**Countries:** United States

[Read the full story on Variety](https://variety.com/2026/tv/news/disney-q2-2026-earnings-josh-damaro-streaming-income-1236738974/)

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