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‘Moana 2’ Buoys Disney’s Latest Quarter As Studio Profits Surge
'Moana 2' helped float a solid fiscal first quarter for Disney with studio profit riding the strong box office of the animated sequel that’s topped $1 billion worldwide.
Moana 2 helped float a solid fiscal first quarter for Disney with studio profit riding the strong box office of the animated sequel that’s topped $1 billion worldwide. Total revenue across Disney rose 5% to $25.7 billion with a handful of metrics, including adjusted earnings per share, topping Wall Street estimates. “Our results this quarter demonstrate Disney’s creative and financial strength as we advanced the strategic initiatives set in motion over the past two years,” said CEO Robert Iger.
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