Company saw ‘strong start to the fiscal year’ according to its CEO, partly due to higher profits from streaming business
Walt Disney sharply outperformed Wall Street’s quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel Moana 2 and higher profits at the company’s streaming business.
The strength in entertainment helped offset a decline at Disney’s domestic theme parks, which were impacted by hurricanes Helene and Milton in Florida. The parks-led Experiences group also incurred about $75m in expenses associated with the December launch of the Disney Treasure cruise ship.
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