Disney beats profit estimates on strong theme parks & streaming growth, announces TikTok partnership, shares rise 3.65%
New Delhi, Aug. 5 -- Walt Disney reported better-than-expected quarterly earnings on Wednesday, driven by solid performances from its theme park and streaming businesses despite ongoing concerns over global economic conditions.
The entertainment giant said its domestic parks continued to perform strongly, with Walt Disney World in Florida delivering a standout quarter. While the company acknowledged softer demand at its theme parks in Shanghai and Hong Kong, it said advance bookings for its U.S. parks remain healthy, reflecting resilient consumer interest.
Disney also posted encouraging results from its streaming operations, highlighting lower customer churn as subscriber retention improved. The company added that it is evaluating a com...
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