The Walt Disney Company continues to operate on a much larger overall revenue scale than Netflix, with its latest quarterly revenue reaching $25.2 billion compared with Netflix’s $12.6 billion. However, the two entertainment giants are moving in different directions when it comes to growth momentum, as Netflix has delivered a steadier pattern of quarterly expansion.
The latest figures show that Disney generated almost twice Netflix’s revenue during the most recent reported quarter. Disney’s official financial results for the quarter ended June 27, 2026, reported revenue of $25.2 billion, while Netflix generated $12.6 billion for the quarter ended June 30, 2026, according to the companies’ latest investor filings.
Disney’s Massive Business Remains Far Bigger Than Netflix’s
Disney’s advantage in total revenue comes from the size and diversity of its business. Unlike Netflix, which is primarily a digital entertainment company, Disney earns money through theme parks, cruise lines, movies, television, streaming services, merchandise, and other businesses.
Its Experiences division remains one of the company’s most important sources of profit, giving Disney multiple ways to earn from its intellectual property beyond streaming and theatrical releases. The company has also continued investing in its international parks and other major infrastructure projects.
That broad business model explains why Disney’s revenue remains significantly higher. During the eight-quarter period examined, Disney’s revenue ranged from $22.5 billion to $26 billion, while Netflix’s quarterly revenue increased from $9.8 billion to $12.6 billion.
Netflix’s smaller size, however, has not stopped it from delivering stronger consistency. Its quarterly revenue increased in every period across those eight reported quarters, giving the streaming company a clear growth advantage despite Disney’s larger overall scale.
Netflix Has Delivered Eight Straight Quarters of Revenue Growth
Netflix has grown its quarterly revenue from $9.8 billion in Q3 2024 to $12.6 billion in Q2 2026, representing a substantial increase over less than two years. Its revenue moved upward each quarter during that period, unlike Disney’s more uneven performance.
Netflix’s latest operating margin of approximately 33% also highlights the financial efficiency of its streaming-focused model. Disney reported an operating margin of around 15% in its latest quarter, although its results come from a much broader collection of businesses with different costs and growth rates.
Netflix’s business is heavily concentrated on subscriptions, advertising, content, games, and live programming, while Disney must balance the performance of its entertainment operations with major physical businesses such as parks and cruises. That difference has helped Netflix maintain faster top-line growth even though it produces far less total revenue.
The comparison also illustrates why revenue alone does not tell the complete story of a company’s financial position. Netflix has a smaller revenue base but has demonstrated more consistent expansion and stronger margins.
Disney, meanwhile, has the advantage of a huge global business that can monetize its franchises across multiple formats. From streaming and movies to theme parks and consumer products, the company has a wider entertainment ecosystem than Netflix.
The next major question will be whether Netflix can continue its streak of consistent revenue growth or whether Disney’s investments in streaming and entertainment can narrow the gap. For now, the numbers show two dominant companies with very different strengths: Disney leads in overall revenue, while Netflix leads in sustained growth momentum.
