Disney Shares Surge on Stronger-Than-Expected Earnings

Disney's shares have risen after the company reported stronger-than-expected earnings for its latest quarter.

The revenue increase was driven by growth in the entertainment division, which benefited from domestic park attendance and guest spending, as well as improving streaming profits.

The company's quarterly revenue rose 7% to approximately $25.2 billion, exceeding Wall Street expectations.

Disney CEO Josh D'Amaro is likely feeling a boost in momentum with these results, as the company continues to strengthen its media business and expand its streaming services.