Disney Defies Economic Turbulence with Stellar Earnings Report

In a quarter rife with economic uncertainty, Walt Disney emerged as a beacon of optimism, reporting earnings that surpassed analysts' predictions. The media powerhouse saw a notable rise in its Disney+ streaming subscribers and stellar performance from its theme parks, defying broader economic challenges.

Disney CEO Bob Iger expressed confidence in the company's outlook, crediting its robust and diverse business portfolio. The entertainment giant's shares climbed 8% in premarket trading after announcing adjusted earnings per share of $1.45, surpassing the $1.20 consensus forecast.

While much of the business world frets over potential tariff impacts, Disney continues to project a positive fiscal future. Revenues swelled by 7% to $23.6 billion, with notable gains in both its streaming and theme park sectors. The company also announced plans for expansion in Abu Dhabi.

(With inputs from agencies.)