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Disney (DIS) Stock Surges 10% Following Strong Q1 Earnings
Disney (DIS) Stock Surges 10% Following Strong Q1 Earnings
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Disney shares rallied sharply Wednesday after the entertainment giant posted better-than-expected quarterly results. The stock jumped as much as 11% during morning trading following an earnings beat across key metrics.
The company reported adjusted earnings of $1.45 per share on $23.6 billion in revenue, surpassing analyst estimates of $1.19 per share and $23.09 billion. Disney’s streaming service Disney+ added 126 million subscribers last quarter, exceeding projections of 123.5 million.
Strong performance across its diversified business segments - including streaming platforms, sports networks, and theme parks - contributed to the upbeat results. Management’s optimistic Q2 guidance further bolstered investor sentiment.
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