Overview
- Disney reported a 7% revenue increase to $23.6 billion and adjusted earnings per share of $1.45, exceeding analysts' forecasts.
- Streaming services Disney+ and Hulu added 2.5 million subscribers combined, with the segment achieving $336 million in operating income, up from $47 million a year ago.
- The Experiences division, including U.S. parks and cruise lines, saw operating income rise 9% to $2.5 billion, driven by increased guest spending and cruise bookings.
- The Entertainment segment posted a 61% jump in operating income to $1.3 billion, bolstered by popular releases like 'Moana 2' and 'Mufasa: The Lion King.'
- Disney announced plans for a new theme park in Abu Dhabi, marking its first major expansion into the Middle East and reinforcing its global growth strategy.