Disney's Q2 Earnings Smash Expectations

Disneys fiscal second quarter earnings soared, surpassing expectations with adjusted earnings per share at $1.57 and revenue climbing 7% to $25.2 billion. New CEO Josh DAmaros first report saw shares jump 8% in premarket trading. Despite a dip in parks and cruises revenue, US park attendance held steady, and spending per guest rose. The sports unit saw mixed results, while entertainment streaming thrived with a 10% revenue increase and 13% streaming growth. DAmaros strategy focuses on investing in IP, expanding fan base, and leveraging tech. Disney is scaling back from OpenAI but remains open to other deals. US park demand remains strong, setting the stage for DAmaros leadership. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/15f0bdf428fe600b