Disney Earnings Beat: Disney Stock Jumps as Josh D’Amaro Puts Disney+ and Parks at the Center
Disney reported quarterly adjusted earnings of $1.57 per share on $25.2 billion revenue, beating analyst estimates and sending shares up over 4% premarket. Streaming operating income jumped 88% to $582 million, while park revenue rose 7% to $9.49 billion. Net income fell to $2.25 billion from $3.28 billion due to a prior tax benefit. ESPN operating income dropped 5% amid higher costs.