Disney Revenue Climbs 7% to $25.2 Billion in Q2, Boosted by Streaming, Theme Parks
News Source : TheWrap
News Summary
- Disney beat Wall Street expectations, with revenue climbing 7% year over year to $25.2 billion.
- Operating profit increasing 4% to $4.6 billion in its fiscal second quarter.
- Net income came in at $2.25 billion, or $1.57 per share on an adjusted basis.
- CEO Josh D’Amaro laid out a three-pillar strategy that will focus on investing in IP, engaging consumers in more seamless ways and using AI in areas such as content creation and workforce productivity.
Disney reported revenue of $25.2 billion on adjusted earnings earnings of $1.57 per share. Wall Street expected revenue of $24.9 billion on earnings of $1.50 per share, per estimates [+8744 chars]
Never miss a story from us, subscribe to our newsletter