Disney's Toy Story 5 Fuels Cross-Segment Growth Despite Box Office Weakness
Disney's latest earnings report for the June quarter showed a strong performance across various segments of its business. The success of 'Toy Story 5' extended beyond the box office, driving sales of merchandise and boosting engagement on Disney+.
The film also contributed to increased attendance at Disney's theme parks, with a 4% jump in global visitors and a 3% increase at domestic parks. The Parks and Experiences division reported revenue of nearly $10 billion, up 10% from the same period last year.
Disney+ and Hulu subscription fees saw a 15% rise, adding to the Entertainment group's revenue of $11.3 billion, a 6% gain from the previous year. However, the Sports segment reported lower-than-expected operating income due to higher production costs for NBA playoff games.