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Disney pops 5% after streaming, parks drive revenue beat in first report under CEO Josh D'Amaro
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Disney pops 5% after streaming, parks drive revenue beat in first report under CEO Josh D'Amaro

CNBCΒ·Lillian RizzoΒ·27 days ago
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Disney on Wednesday reported quarterly revenue that exceeded analyst expectations, once again driven by its streaming and theme park units. Shares of the company gained roughly 5% in premarket trading. The company's experiences segment, which includes Disney's theme parks and cruises, reported nearly $9.5 billion in revenue, up 7% year over year. While global guest attendance grew 2%, domestic park visitation declined 1% compared to last year. Disney said international visitation at domestic parks was softer, a trend that continued from the prior quarter. Yet despite macroeconomic trends and uncertainty for consumers, including related to the U.S.-Israel attacks on Iran in late February, which have caused oil prices to surge, Disney said demand at its domestic parks remained healthy. The company also reported an increase in guest spending during the quarter. "We continue to see a strong consumer.…

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