Disney theme parks help boost earnings above Wall Street forecasts

Disney reported stronger-than-expected earnings for the first quarter of its fiscal year 2025, driven by robust performance at its theme parks and experiences division. The company's earnings per share of $1.30 surpassed Wall Street's estimates of $1.10, while revenue of $22.3 billion exceeded expectations of $21.5 billion. The positive results were largely attributed to the success of Disney's domestic and international theme parks, which saw a significant increase in attendance and spending. The company's streaming services also contributed to the growth, with Disney+ adding 12 million subscribers during the quarter. CEO Bob Iger highlighted the strategic importance of the parks division, noting that it has become a key driver of the company's financial performance. Analysts pointed to the post-pandemic rebound in travel and tourism, as well as the popularity of new attractions and experiences at Disney parks, as major factors behind the strong results. The company's shares rose by 4% in after-hours trading following the earnings release.