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Theme park revenue soared, but the YouTube dispute took a toll on Disney’s Q1 earnings

A record fiscal quarter for Walt Disney Co.’s theme parks division was dampened slightly by a streaming aquisition and a protracted fight with YouTube, the Burbank media and entertainment giant reported Monday.

Disney recorded overall revenue of about $26 billion in the three-month period that ended Dec. 27, up 5% compared to the previous year. Disney’s income before income taxes totaled nearly $3.7 billion, a 1% jump from the same time period last year. Earnings per share were $1.34 for the quarter, down from $1.40.

Disney Chief Executive Bob Iger said in a statement that he was “pleased” with the company’s start to the fiscal year and nodded at the transition ahead to a new CEO.

“As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years,” he said.

It was a big quarter for Disney’s experiences division, which includes its theme parks, cruise line and Aulani resort and spa in Hawaii.

The sector reported $10 billion in revenue, aided by a 1% bump in attendance at its domestic theme parks and higher guest spending. The launch of the new Disney Destiny cruise ship in November also helped boost operating income to $3.3 billion, a 6% boost compared to the previous year.

Disney’s box office success with billion-dollar hits like “Zootopia 2” and “Avatar: Fire and Ash” helped propel revenue for its entertainment division by 7% to $11.6 billion. But costs related to its acquisition of a majority stake in FuboTV, as well as higher marketing costs in theatrical distribution and streaming services affected the sector’s operating income, which declined 35% to $1.1 billion.

The dip in operating income from the entertainment sector took a toll on the company’s total segment operating income, which was down 9% to $4.6 billion. That was also partly due to Disney’s contract dispute last fall with YouTube TV, which lasted for nearly 15 days and resulted in a blackout of Disney channels.

The temporary suspension of Disney channels on YouTube TV took a $110 million toll on operating income within Disney’s sports division, which was down 23% to $191 million. Sports revenue for the quarter totaled $4.9 billion, up 1% compared to the previous year.

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Death toll from Swiss New Year Alpine bar fire increases to 41 | Police News

The latest victim succumbing to injuries was an 18-year-old Swiss national.

A teenager injured in the fire that engulfed a Swiss Alpine bar during New Year celebrations has died in hospital, according to Swiss authorities, increasing the death toll of one of the worst disasters in the country’s modern history to 41.

Saturday’s death was announced a month after the inferno at the ski resort of Crans-Montana. Another 115 were injured, most of whom remain in various hospitals.

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“An 18-year-old Swiss national died at a hospital in Zurich on January 31,” the Wallis canton’s public prosecutor Beatrice Pilloud said in a brief statement.

“The death toll from the fire at Le Constellation bar on January 1, 2026 has now risen to 41.”

Pilloud said no further information would be released at this stage by her office, which is investigating the incident.

Those killed in the disaster were aged 14 to 39, but the majority were teenagers. Only four were aged over 24.

Among the dead are 23 Swiss nationals, including one French-Swiss dual national, and 18 foreigners.

Public prosecutors believe the fire started when revellers raised champagne bottles with sparklers attached too close to sound insulation foam on the ceiling of the bar’s basement.

Authorities are looking into whether the foam conformed to regulations and whether the candles were permitted for use in the bar. They say fire safety inspections had not been carried out since 2019.

Swiss prosecutors have opened a criminal investigation into the owners – French couple Jacques and Jessica Moretti – on suspicion of negligent homicide, negligent bodily harm and causing a fire by negligence.

The court of compulsory measures in the southwestern Valais region on January 12 ordered three months of pretrial detention for Jacques Moretti, but on January 23 ordered his release on bail.

The Crans-Montana municipality’s current head of public safety and a former Crans-Montana fire safety officer are also under criminal investigation.

Following the fire, seriously wounded patients were airlifted to various hospitals and specialist burns units throughout Switzerland and four other European countries.

Switzerland’s Federal Office for Civil Protection told the AFP news agency on Friday that at its last count, as of Monday, 44 patients were being treated abroad.

The Wallis health ministry told AFP that 37 patients were still in Swiss hospitals, as of Monday.

The picture is constantly changing, with patients moving between hospitals for different stages of their treatment, and some patients being readmitted. Some remain in intensive care.

The fire has tested relations with neighbouring Italy, which lost nationals in the blaze and has protested the release on bail of the bar’s owner.

Swiss authorities earlier this week said they would grant the Rome Public Prosecutor’s Office access to evidence gathered.

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