On Wednesday the firm set out a slew of new plans.
That includes a $1.5 billion investment in Epic Games, the maker of "Fortnite".
The two will work together to make a "Disney universe", where players can interact with some of the firm's famous characters.
Disney also gave more details on the long-awaited launch of a streaming service for sports channel ESPN.
It will debut in August next year, and will include features including fantasy sports and e-commerce.
The plans were all set out by company chief Bob Iger.
He said the gaming deal marked the company's biggest-ever move in the sector, and would offer major growth opportunities.
Iger also revealed plans for a $3 billion share buyback, and said the dividend would jump 50%.
The news all sent Disney shares surging nearly 7% in after-hours trade.
Analysts say it's all a response to pressure from shareholders - notably including activist investor Nelson Peltz.
He's been pressing Disney to deliver profits from streaming that are on a par with Netflix, and has demanded more details on plans for ESPN.
However, the moves failed to impress his team.
A spokesman said "we saw this movie last year, and we didn't like the ending".
For the quarter just gone, Disney beat forecasts for profit, helped by new attractions at its theme parks.
But the Disney+ streaming service lost 1.3 million subscribers after a price increase in October.
