Disney Beats Q3 Earnings on Parks and Streaming Strength
On Wednesday, Disney announced its fiscal third-quarter results, which exceeded Wall Street's forecasts, largely due to strong performances in its theme parks and streaming divisions. Adjusted earnings per share reached $2.06, up from $1.61 in the same quarter last year, surpassing the anticipated $1.86, as reported by CNBC. This earnings success was fueled by the robust growth in parks and streaming, compensating for difficulties in other sectors. The results highlight Disney's ongoing recovery and commitment to its primary entertainment offerings. Following the positive report, the company's stock experienced an uptick, reflecting strong consumer interest in theme park experiences and the expansion of its streaming services, essential for revenue growth.
Key facts
- Disney reported fiscal third-quarter results on Wednesday.
- Adjusted EPS was $2.06, beating the expected $1.86.
- Adjusted EPS in the same quarter last year was $1.61.
- Earnings were driven by strength in theme parks and streaming.
- Results surpassed Wall Street expectations.
- Stock rose in response to the earnings beat.
- CNBC provided the consensus estimate.
- The company is identified as Disney ($DIS).
Entities
Institutions
- Disney
- CNBC
Sources
- Quartz —