Reported 1 day ago
Disney reported better-than-expected second-quarter earnings, driven by a rebound in domestic parks and a surprising surge in Disney+ subscribers, leading to an upgrade in its annual profit forecast. The company anticipates earnings of $5.75 per share, a significant increase from previous projections. Additionally, Disney plans to open a new theme park in Abu Dhabi, its first in the Middle East. Despite macroeconomic challenges, domestic park revenues saw a rise while international parks struggled due to lower attendance and increased costs.
Source: YAHOO