Walt Disney Win and Revenue Higher Than Predicted

Revenue Exceeded Expectations

Walt Disney Co. had a financial win this past quarter, as they surpassed experts' expectations with their revenue. The company's earnings per share came in at $1.08, which beat the estimated $1.05.

Disney's revenue for the quarter was $23.51 billion, which was also higher than the predicted $23.38 billion. This increase in revenue was largely due to the success of the company's parks and resorts, as well as their streaming service, Disney+.

Disney+ Continues to Grow

Disney+ has been a major success for the company, and it continues to grow at a rapid pace. The service now has over 137.7 million subscribers, which is up from 118.1 million in the previous quarter.

The growth of Disney+ is being driven by the company's strong content library, which includes popular franchises such as Marvel, Star Wars, and Pixar. Disney is also investing heavily in original programming for the service, which is helping to attract new subscribers.

Parks and Resorts See Strong Demand

Disney's parks and resorts also saw strong demand during the quarter. The company's domestic parks saw a 7% increase in attendance, while its international parks saw a 23% increase.

This increase in attendance is being driven by the popularity of new attractions, such as Star Wars: Galaxy's Edge at Disneyland and Disney World. Disney is also benefiting from the pent-up demand for travel following the COVID-19 pandemic.

Conclusion

Walt Disney Co. is firing on all cylinders, with strong growth across all of its businesses. The company's revenue and earnings exceeded expectations, and its streaming service, Disney+, continues to grow at a rapid pace. Disney is well-positioned to continue its success in the years to come.