Disney’s strong quarter driven by ‘Toy Story 5“ and the draw of its US theme parks
Summary
Disney reported solid financial results for its third quarter, helped by the success of the movie “Toy Story 5” and strong visitor numbers at its U.S. theme parks. Although international tourism remained weak, revenue and profits rose due to higher income from domestic parks and new park experiences.Key Facts
- Disney’s Experiences division, which includes theme parks and other related businesses, saw operating income rise 20% to $3.02 billion.
- Domestic parks’ operating income increased by 27%, while international parks and experiences declined by 13%.
- Attendance at U.S. theme parks grew by 3%, driven by more domestic visitors and annual passholders.
- Disney earned $2.64 billion ($1.51 per share) in the quarter, down from $5.26 billion ($2.92 per share) the previous year.
- Adjusted earnings per share were $2.06, beating analysts’ expectations of $1.86 per share.
- Total revenue increased 7% to $25.25 billion, slightly below the expected $25.39 billion.
- Factors like tariffs, immigration policies, and diplomatic tensions under President Donald Trump have contributed to weaker international tourism.
- Disney announced a deal with TikTok to share fan-created content within the Disney+ app.
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