Disney's Strong Q3 Earnings Driven by Toy Story Success and Theme Park Growth

Disney's third-quarter earnings were boosted by the success of 'Toy Story 5', which generated over $1 billion in global box office revenue. The film also increased viewings of other Toy Story movies on Disney+ and contributed to higher sales of Toy Story merchandise.

The company's theme parks division saw a 20% increase in operating income, reaching $3.02 billion, while revenue totaled $9.97 billion. Domestic park attendance rose 27%, but international park attendance declined 13%. The strong performance was attributed to summer promotions and new experiences offered at the parks.

Disney's overall earnings for the quarter were $2.64 billion, or $1.51 per share, surpassing analyst expectations of $1.86 per share. Revenue rose 7% to $25.25 billion, meeting Wall Street forecasts of $25.39 billion. The company also announced a partnership with TikTok, bringing Disney-focused fan-created content from the social media platform to the Disney+ app.