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Disney earnings soar thanks to ‘healthy’ theme park demand and a rise in streaming subscriptions

The Independent·Paul Farrell·27 days ago
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Walt Disney surpassed Wall Street's quarterly earnings forecasts on Wednesday, driven by robust growth in its streaming services and theme parks. The positive results were accompanied by new Chief Executive Josh D'Amaro 's reaffirmation that the entertainment giant anticipates accelerated growth in the second half of the fiscal year. For the period spanning January through March, Disney reported adjusted earnings per share of $25.2 billion. These figures comfortably exceeded analysts' average revenue expectations of $24.78 billion, according to LSEG data. Following the announcement, the company's shares jumped over 4% in premarket trading. New CEO Josh D'Amaro noted the "healthy" current demand at Disney's U.S.…

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