Disney Parks Rev Up Profits, Analysts Stay Bullish on DIS Stock

Disney's financials have exceeded analyst expectations for its latest quarter, with adjusted earnings per share landing at $2.06 and revenue rising 7% year-over-year to $25.25 billion. The Experiences Segment, which includes domestic and international parks, stole the show with a 10% increase in revenue to nearly $10 billion.

The Domestic Parks led the charge, with revenue up 11% on 3% attendance growth and 4% higher per-cap spending, while International Parks operating income slipped 13% due to softening Asia trends. The Entertainment Segment saw its operating income surge 64% to $1.68 billion, driven by streaming growth.

Disney management raised full-year Experiences operating income guidance to the high end of high-single-digit growth and announced a content-sharing partnership with TikTok aimed at cutting Disney+ churn. The company's margin expanded to 12.9% from 6.6% a year ago, ahead of its target.