The entertainment and multi-media giant says it earned $1.61 per share on revenue of $14.92 billion. Analysts had expected earnings per share of $1.59 and revenue of $14.36 billion.
Results across Disney's many divisions varied with revenue from media networks flat at $5.5 billion. As 'Avengers: Endgame' currently shatters box office records, Disney's studio segment showed disappointing results with revenue declining 15 percent verse the prior quarter.
Disney theme parks and products division continued it's win streak, delivering a solid 5 percent increase in year over year revenue to $6.2 billion, with attendance at Disney's parks increasing 1 percent. During the earnings conference call, CEO Bob Iger said the price increase at Disney parks is about spreading attendance to improve guest experience.
Iger also spoke about the success of 'Avengers; Endgame' and announced it will stream exclusively on the new Disney Plus platform beginning in December. Shares of Disney (DIS) were up more than one percent Wednesday to $134.99.
EARNINGS: Walt Disney Q2 EPS $1.61 Adj. vs. $1.58 Est.; Q2 Revs. $14.92B vs. $14.36B Est. • $DIS https://t.co/a7V5gysPpC pic.twitter.com/mbtXp6K2TA
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