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Disney Reports Better-Than-Expected Quarterly Numbers Driven By Experiences And Sports
Strength in Disney's Sports and Experiences divisions propelled the media giant to better-than-expected results in its fiscal second quarter.
The Texas Longhorns take the field before playing the Arizona State Sun Devils in a College Football Playoff Quarterfinal on ESPN.David J. Griffin/Icon Sportswire via Getty Images Strength in Disney ‘s Sports and Experiences divisions propelled the media giant to better-than-expected results in its fiscal second quarter. At the movie studio, strong carryover business from holiday releases Mufasa: The Lion King and Moana 2 was “largely offset” by the results of Snow White and Captain America: Brave New World, “Following an excellent first half of the fiscal year, we have a lot more to look forward to, including our upcoming theatrical slate, the launch of ESPN’s new DTC offering, and an unprecedented number of expansion projects underway in our Experiences segment.
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