Disney earnings boosted by ‘Toy Story 5’, theme parks — and new CEO strikes deal with TikTok

Shares rose as the entertainment giant reported revenue of $25.2 billion in the quarter, up 7% from last year.

Disney managed a solid showing in its third quarter, bolstered by movies like “Toy Story 5” and ongoing strength from its U.S. theme parks.

Shares climbed more than 3% before the market opened on Wednesday.

Adjusted EPS of $2.06 topped estimates of $1.86, while the experiences segment posted 10% revenue growth to nearly $10 billion

Disney reported growth at its domestic theme parks and cruises despite mounting macroeconomic uncertainty for consumers.

Walt Disney’s stock, which has been struggling all year, rallied on Wednesday as the entertainment giant reported surprisingly strong earnings.

Disney’s solid third quarter was driven by a $1 billion box office haul from “Toy Story 5” and the draw of its U.S. theme parks that helped to offset continued weakness from international tourism

Disney’s Josh D’Amaro stepped out with solid numbers and some news in his first full quarter as CEO. Toy Story 5 drove studio revenue, theme parks saw an uptick in attendance, and streaming profits more than doubled for the three months ended in June. Total operating income for Disney’s fiscal third quarter jumped 21%

Disney’s 3Q bolstered by ‘Toy Story 5,’ ongoing strength at US theme parks  Toronto Star

Disney managed a solid showing in its third quarter, bolstered by movies like “Toy Story 5” and ongoing strength from its U.S. theme parks that made up for continued weakness from international tourism

Disney CEO Josh D'Amaro unveiled earnings results after his first complete quarter at the helm. VCG/VCG via Getty Images Disney shares rose in pre-market trading as it topped earnings estimates. Streaming operating income more than doubled in its June quarter. The Mouse House also struck a deal with TikTok to bring mo

The company will use $1 billion from the sale of A+E to buy back stock, will move consumer products under its entertainment division, and teases a new era for Disney+ early next year.

Theme Parks and ‘Toy Story 5’ Boost Disney Results  WSJ

Theme parks have long been seen as a bellwether for consumer confidence. Disney’s domestic parks and cruises revenue rose 11 percent in the latest quarter.