Walt Disney beats earnings estimates with help from 'Moana 2'

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Walt Disney beats earnings estimates with help from 'Moana 2'

//media-entertainment.news-articles.net/content/ .. s-earnings-estimates-with-help-from-moana-2.html

Published in Media and Entertainment on Wednesday, February 5th 2025 at 10:04 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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.

Walt Disney Co. reported quarterly earnings that surpassed Wall Street expectations, largely due to the success of "Moana 2" and other strategic initiatives. The company's adjusted earnings per share were $1.21, beating the consensus estimate of $1.10, while revenue reached $22.1 billion, slightly above the expected $22.09 billion. Disney's streaming service, Disney+, saw a significant increase in subscribers, driven by the popularity of new content like "Moana 2." Additionally, Disney's theme parks continued to perform well, contributing to the overall positive financial results. CEO Bob Iger highlighted the company's focus on enhancing its direct-to-consumer offerings and optimizing its cost structure as key factors in achieving these results.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/economy/walt-disney-beats-earnings-estimates-with-help-from-moana-2/ar-AA1yspuQ ]