Disney announces Abu Dhabi theme park in strong Q2 earnings, no tariffs talk
Disney stock jumped 10% on Wednesday as the company reported strong second quarter earnings and said a new theme park in Abu Dhabi was on the way. CEO Bob Iger did not volunteer comments and was not asked about tariffs in light of US president Donald Trump’s flip-flop remarks this week.
The media giant beat Wall Street estimates as overall revenues climbed 7% year-on-year to $23.6bn and operating income increased by 15% to $4.4bn. Adjusted earnings per share increased by 20% to $1.41 after net income swung from a $20m loss in the year-ago period to $3.3bn.
In a prepared statement, Iger and his...
The media giant beat Wall Street estimates as overall revenues climbed 7% year-on-year to $23.6bn and operating income increased by 15% to $4.4bn. Adjusted earnings per share increased by 20% to $1.41 after net income swung from a $20m loss in the year-ago period to $3.3bn.
In a prepared statement, Iger and his...
- 5/7/2025
- ScreenDaily
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