The Walt Disney Co. toppled Wall Street expectations in its latest quarter, with the company’s entertainment division and streaming business leading the charge.
Disney reported revenue of $24.7 billion in its fiscal Q1, which ended Dec. 28, up 5% from a year ago. Segment operating income totaled $5.1 billion, up 31% with earnings per share of $1.76, up 44%.
In entertainment, Moana 2 powered the division, with revenues surging by 9% year over year and operating income rising to $1.7 billion. And direct-to-consumer continued to be on a growth trajectory, generating $293 million in operating income.
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