Walt Disney’s (DIS.N) new tab quarterly results appear to be the happiest place on earth during an earnings quarter that is rife with concern around tariffs.
Supported by a surprising uptick in its Disney+ streaming business and impressive theme park results that indicated customer endurance in a challenging global economic climate, the media behemoth surpassed forecasts in its most recent quarter.
“Despite questions around any macroeconomic uncertainty or the impact of competition, I’m encouraged by the strength and resilience of our business,” Bob Iger, Disney’s chief executive officer, said. Shortly before revealing plans for a new theme park in Abu Dhabi, the capital of the United Arab Emirates, the entertainment behemoth presented its financial report.
As the company reported adjusted earnings per share of $1.45 for the January-to-March quarter, exceeding the $1.20 analysts’ consensus as surveyed by LSEG, shares of the company surged by about 10% in early trade.
“Disney is feeling confident at a time when so many U.S. businesses are concerned about the potential impact of tariffs on consumer spending, on household budgets,” said Danni Hewson, AJ Bell’s head of financial analysis.
In contrast to many other blue-chip corporations, the company expressed a positive outlook for the remainder of the year. In the face of a faltering U.S. economy, Disney is relying on its streaming business to boost revenues as traditional television drops and to grow its well-liked theme parks and cruise line.
Revenue reached $23.6 billion, up 7%. A $23.14 billion estimate was made by analysts. $4.4 billion was the operating income.
For fiscal 2025, Disney projected adjusted earnings per share of $5.75, a 16% increase over the previous fiscal year.
During the fiscal year, the company reaffirmed its guidance for double-digit percentage operating income growth in the entertainment unit and 6% to 8% operating income growth in the parks-led Experiences division.
