Walt Disney said attendance at its U.S. theme parks fell 1 percent in the quarter to March, a dip tied to fewer overseas visitors as customs delays and rising anti‑American sentiment curbed travel. New CEO Josh D’Amaro called the trend a temporary blip but warned macro uncertainty weighs on discretionary spending.

Disney posted $25.2 billion in revenue, up 7 percent and beating forecasts, while net income rose to $2.5 billion. The parks and cruise segment contributed $9.5 billion, helped by higher per‑guest spend, and the entertainment division saw revenue jump to $11.7 billion as streaming grew, with hits like *Zootopia 2* and Hulu’s *Love Story* lifting the 13 percent increase.

Analysts at MoffettNathanson warned that rising fuel prices and a slump in U.S. tourist arrivals—down 5.5 percent in 2025—could keep cost pressures high for families planning trips. D’Amaro projected a rebound in park attendance for the June quarter, but shareholders will watch whether the streaming lift can offset any lingering weakness in the core parks business.

Share price pressure persisted, with Disney down 10 percent YTD versus a 6 percent rise in the S&P 500. The upcoming June quarter will test whether the streaming tailwind can fully offset lingering park softness.