Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter.
After adjusting for one-time items, Disney earned 93 cents per share, matching analysts’ expectations according to a poll by FactSet.Sales at its parks, experiences and products segment rose 17% in the quarter. Revenue for the segment that includes Disney’s movie business climbed 3%.
The company lost 4 million subscribers at its Disney+ streaming service, ending the second quarter with 157.8 million paying subscribers.
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