By Lisa Richwine and Dawn Chmielewski

LOS ANGELES (Reuters) -Walt Disney said on Thursday it would boost its dividend by 50% and double its share buyback plan for fiscal 2026, as the media giant’s streaming and parks businesses powered a quarterly earnings beat.

Disney posted an adjusted earnings per share of $1.11 for its fourth quarter ending in September, a 3% decline from a year earlier but 6 cents above an average LSEG estimate.

Profit rose in Disney’s theme parks unit, partially from an expansion of the U.S. cruise ship business and growth at Disneyland Paris.

Earnings at its streaming business surged 39% to $352 million. Disney said it added 12.5 million subscribers to Disney+ and Hulu during the quarter, reaching a total of 196 million.

Still, shares of the company fell nearly

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