Disney Parks Division Surprises with Strong Growth under Josh D'Amaro
Disney CEO Josh D'Amaro expressed satisfaction with the company's performance in the last quarter, citing 'great revenue growth' and 'earnings growth of 28%'. He attributed this success to Disney's parks division, which he described as a 'big surprise'.
In an interview at D23, D'Amaro emphasized his focus on sustaining momentum in Disney's core growth areas, including theme parks and streaming divisions. These areas have been a key concern for investors, who received a mixed reception from Wall Street in recent quarters.
D'Amaro also addressed concerns about the company's stock performance, stating that he is 'not happy with where the stock stands right now'. However, he maintained that Disney is 'sitting in a very great space relative to the entertainment industry', and reaffirmed his commitment to the company's current direction.