Disney rides higher on parks and streaming as succession chatter grows
TL;DR Summary
Disney posted about $26 billion in Q1 revenue (up 5%), led by strong theme-park performance and streaming growth, helped by the Disney Destiny cruise launch, but a 15-day YouTube TV blackout and higher marketing and production costs trimmed operating income. Investor focus also centers on CEO succession, with Josh D’Amaro seen as a leading contender as Bob Iger contemplates next steps.
- Disney prepares new CEO announcement amid rising theme park revenues Los Angeles Times
- Disney beats Wall Street expectations propelled by theme parks and streaming CNBC
- Disney’s Profit Wilts, Despite Streaming and Parks Growth The New York Times
- Disney’s first quarter is powered by box-office hits ‘Zootopia 2' and ‘Avatar: Fire and Ash’ AP News
- Disney shares slump as its theme parks see fewer international visitors Reuters
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