TravelKit
Smart Portfolio
Disney’s Earnings Beat Expectations: Magic On and Off the Screen ✨ 👉 Disney ($DIS (Walt Disney)) exceeded Wall Street expectations with adjusted EPS of $1.14, surpassing the forecast of $1.10, and revenue reaching $22.6 billion, slightly above estimates. 👉 A key driver of this success was the blockbuster performance of "Deadpool & Wolverine", which grossed $1.3 billion globally, pushing the Entertainment unit’s operating income to $1.1 billion, more than double the previous quarter. 👉 Streaming takes the spotlight! Disney+, Hulu, and ESPN+ delivered a combined operating profit of $321 million, marking the second consecutive profitable quarter for Disney’s streaming services. Disney+ added 4.4 million subscribers, reaching 122.7 million outside India. 👉 On the flip side, the Experiences segment, which includes theme parks, saw a 6% decline in operating income due to lower attendance at international locations and rising costs. 👉 Looking ahead, Disney projects high single-digit EPS growth for 2025 and double-digit growth through 2027, while planning a $3 billion stock repurchase program. 👉 With this earnings beat, Disney demonstrates its resilience in an evolving entertainment landscape, balancing box office hits, streaming success, and future growth plans. 🔗 Read More: finance.yahoo.com/video/disney-cfo-earnings-beat-magic-150452621.html$DIS (Walt Disney) is part of eToro's @TravelKit Smart Portfolio. This portfolio comprises companies that are directly or indirectly involved in the travel, leisure, and tourism sectors. It invests in classical travel stocks issued by airlines, hotels, luggage, car rental companies, among others. The minimum investment amount for eToro’s @TravelKit Smart Portfolio is $500. Your capital is at risk. Past performance is not an indication of future results.