Disney profit boosted by Moana 2 but streaming…
Walt Disney sharply outperformed Wall Street’s quarterly earnings estimates on Wednesday, with outcomes buoyed by the sturdy vacation box workplace efficiency of animated sequel “Moana 2,” although the company warned of a modest decline in Disney+ streaming subscribers within the coming quarter.
The power in leisure helped offset a decline at Disney’s home theme parks, which had been impacted by hurricanes Helene and Milton in Florida.
The parks-led Experiences group additionally incurred about $75 million in bills related to the December launch of…
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