Disney Soars Past Q1 Expectations as 'Moana 2' Drives 31% Profit Surge

Walt Disney Company shattered first-quarter earnings expectations, reporting a 31% jump in operating income to $5.1 billion, powered by the phenomenal success of "Moana 2." The entertainment giant posted adjusted earnings of $1.76 per share, significantly exceeding analysts' $1.44 forecast. Revenue climbed 5% to $24.69 billion, with the Entertainment segment seeing a 9% boost. The animated sequel's box office triumph, crossing $1 billion globally, helped double the Entertainment unit's operating income to $1.7 billion. Despite theme park challenges from hurricanes, Disney maintains its outlook for high single-digit earnings growth in fiscal 2025.
Source: Reuters