Walt Disney exceeded Wall Street's earnings expectations with quarterly revenues of $24.69 billion, thanks largely to the animated sequel Moana 2 and improved streaming profits. Despite challenges from hurricanes affecting Florida parks and a $75 million expense due to the launch of the Disney Treasure cruise ship, operating income rose 31% to $5.1 billion. While traditional television revenues fell and Disney+ subscribers dropped slightly, CEO Bob Iger expressed confidence in the company’s strategy for ongoing growth and resilience in its entertainment segment.
A significant revenue rise to $24.69 billion and strong performance from 'Moana 2' helped Disney surpass Wall Street's earnings expectations.
Disney CEO Bob Iger emphasized continued growth confidence despite challenges in the theme parks and linear network segments.
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