Disney's Profits Soar Amid Theme Park and Streaming Success
Disney saw a strong financial performance in the second quarter with robust profits from domestic theme parks and an increase in subscribers for its streaming services. The company netted USD 3.28 billion in revenue, exceeding expectations. Significant growth was noted in both its Entertainment and Experiences divisions.
- Country:
- United States
Disney has reported a robust financial performance for the second quarter, driven by thriving domestic theme parks and an increase in streaming service subscribers.
The company posted USD 3.28 billion in earnings, significantly outpacing last year's numbers and exceeding Wall Street expectations, with earnings per share at USD 1.81.
Disney's Entertainment segment saw a 9% revenue climb, while its direct-to-consumer services, including Disney+ and Hulu, also showed impressive growth.
(With inputs from agencies.)
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