Disney Reports Strong Quarter as Toy Story 5 Lifts U.S. Parks
Disney announced a global short-form content sharing deal with TikTok and reported Experiences operating income up 20% to $3.02 billion on $9.97 billion revenue, with domestic parks rising and international parks falling. Streaming revenue climbed 11% to $5.53 billion. D’Amaro became the company’s 9th CEO, and Disney agreed to sell its 50% stake in A+E Global Media, offsetting weaker international tourism with a $1 billion Toy Story 5 box office and U.S. theme-park demand.