Walt Disney Co reported better-than-expected first-quarter revenue on Wednesday, buoyed by a steady recovery in its domestic theme parks during the holiday season and strong streaming subscriber growth.
The company’s overall revenue rose 34 percent to $21.82bn in the quarter ended January 1, topping analysts’ estimate of $20.91bn, according to Refinitiv data.
Disney+, the company’s two-year-old streaming service, kept the business afloat when the coronavirus pandemic disrupted its legacy theme parks, resorts and cruise operations.
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