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Disney’s ‘Toy Story 5’ fuels streaming business and merchandise sales for June quarter
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Interaksyon
Shares of the company rose nearly 2% in midday trading on Wednesday after the results.
The company reported revenue of $25.2 billion in the quarter, up 7% from last year, but shy of Wall Street’s forecasts of $25.4 billion, according to analysts surveyed by LSEG.
Disney’s per-share earnings rose 28% from a year ago to an adjusted $2.06, beating forecasts of $1.86 a share.
Segment operating income rose 64% to nearly $1.7 billion.
D’Amaro said during an investor call that Disney+ would continue to evolve, adding games, merchandise and other experiences.