The Walt Disney Company (DIS) Stock: Latest News and Updates
Breaking Story: Disney Reports Strong Q1 Earnings, Exceeding Expectations
In a breaking news story, The Walt Disney Company (DIS) has reported strong first-quarter earnings that exceeded analysts' expectations. The company reported a revenue of $23.51 billion, up 23% year-over-year, and a net income of $1.05 billion, a 29% increase. The results were driven by strength in its theme parks, streaming services, and consumer products divisions.
Key Highlights of Disney's Q1 Earnings
- Revenue: $23.51 billion (up 23% year-over-year)
- Net income: $1.05 billion (up 29% year-over-year)
- Earnings per share: $1.06 (up 29% year-over-year)
- Theme park revenue: $7.23 billion (up 24% year-over-year)
- Streaming revenue: $5.94 billion (up 26% year-over-year)
- Consumer products revenue: $4.34 billion (up 20% year-over-year)
The strong earnings report has sent Disney's stock price soaring in pre-market trading. Investors are optimistic about the company's future prospects, as it continues to expand its streaming services and invest in its theme parks.
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