The Walt Disney Company reported fiscal second-quarter results that surpassed analyst expectations. Revenue reached $25.2 billion. Adjusted earnings totaled $1.57 per share.
The Experiences segment, including theme parks and cruises, achieved a record-setting quarter. Revenue for this division grew 7% year-over-year. Experiences revenue reached a record $9.5 billion.
Operating income for the direct-to-consumer streaming business jumped 88% year-over-year. Streaming operating income reached $582 million. The entertainment streaming division achieved a double-digit operating margin for the first time. This milestone establishes the division as a new profit engine for the company.