Disney Reports Strong Earnings Boosted by 'Moana 2' and Streaming Growth

The company exceeded Wall Street expectations but anticipates a slight dip in Disney+ subscribers next quarter following price increases.

Disney's fiscal first-quarter revenue rose 5% to $24.7 billion, driven by the success of 'Moana 2' and improved streaming income.
Adjusted earnings per share reached $1.76, surpassing analysts' expectations of $1.45 per share.
Disney+ subscribers declined slightly to 124.6 million, as anticipated, following recent price hikes, though overall streaming profitability improved for the third consecutive quarter.
The company reduced its annual content spending estimate from $24 billion to $23 billion, citing efforts to improve cost efficiency.
Plans for a flagship ESPN streaming service later this year are expected to integrate with Disney+ and Hulu, aiming to attract sports fans and enhance bundling opportunities.