Disney has recently reported a significant boost in its quarterly earnings, largely attributed to the blockbuster success of "Moana 2," which has surpassed $1 billion at the box office. (reuters.com)
Financial Highlights
- Revenue Growth: The company’s overall revenue increased by 5% to $24.69 billion.
- Earnings Surge: Adjusted per-share earnings rose by 44% to $1.76, exceeding Wall Street’s expectations.
Impact on Disney’s Divisions
- Entertainment Unit: The success of "Moana 2" significantly boosted operating income within this segment.
- Streaming Services: Disney+ and Hulu reported operating profits, though a slight decline in Disney+ subscribers is anticipated due to recent price adjustments.
- Theme Parks: Domestic parks faced challenges from hurricanes and increased expenses related to the launch of the Disney Treasure cruise ship.
Future Outlook
Despite some hurdles, Disney forecasts high single-digit earnings per share growth for fiscal 2025 and anticipates increased operating income for its streaming division. (reuters.com)
This robust performance underscores Disney’s ability to leverage its popular franchises to drive financial success across various business segments.
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