Newscasts - Disney theme parks help boost earnings above Wall Street forecasts
02/02/2026 15:02
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_ly7l0la3&referenceId=tag:reuters.com,2026:newsml_RW192202022026RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Walt Disney's theme parks and the movie "Zootopia 2" helped the company beat revenue and earnings estimates for the holiday quarter ending in December. Francis Maguire reports. Short Link: https://lseg.group/3LPTw82 Video Transcript: Walt Disney beat revenue and earnings projections for the holiday quarter. The entertainment giant on Monday credited its theme parks and the movie "Zootopia 2". Disney's parks, cruises, and consumer products units carried the period. They made $10 billion in revenue and just under three-quarters of the company's operating profit of close to $5 billion. Walt Disney World particularly performed strongly compared to a year earlier. That was when Hurricane Milton forced Orlando-based attractions to close. The company's overall revenue rose 5% to $26 billion for its fiscal first quarter ended late December, just ahead of analyst forecasts. Officer Wilde in pursuit of suspect. Disney's entertainment unit includes the company's film studios, television networks, and streaming services. It reported revenue of $11.6 billion in the quarter, up 7% from a year ago. It was driven by holiday releases, including "Zootopia 2". Data shows the Disney animated sequel brought in nearly $1.8 billion in worldwide ticket sales. Another Disney project, "Avatar: Fire and Ash", grossed $1.4 billion globally. However, the entertainment unit reported operating profit fell just over a third year-on-year. It put that on the cost of marketing "Avatar" and eight other films. Disney's streaming services saw revenue rise to $4.4 billion, up 13% from a year ago. Looking ahead, the company held its four-year forecast of double-digit per-share earnings growth. It estimates it will bring in $19 billion in cash from operations and believes it's on track to repurchase $7 billion in stock. Disney is also expected to name a new Chief Executive to replace Bob Iger early this year. Hollywood executives believe Josh D'Amaro is the front-runner. He's currently Chairman of the Experiences division.