Walt Disney reported third quarter earnings that surpassed expectations. The entertainment giant also announced adding more than 14 million new subscribers to its Disney+ streaming service.
Disney’s adjusted diluted earnings for the three months ending in June increased +36.5% from the year-ago quarter to $1.09 per share, well above the Street expectations of 97 cents per share.
Revenues climbed +26% year-over-year to $21.5 billion, exceeding the Street forecasts.
Subscriber count for its Disney+ reached 152.1 million, beating analysts' estimates by around 3 million. It added 14.4 million new subscribers over the quarter.
Parks and Experiences revenues surged more than +70% from the year-ago period to $7.4 billion, topping the Street's estimate.