BUZZ-Disney rises as 'Moana 2' helps co beat estimates for Q1 results
ReutersFeb 5, 2025 2:16 PM
Shares of Walt Disney DIS.N rise 1.3% to 114.7 in premarket trading
Co's Q1 rev grows 5% to $24.69 bln, slightly ahead of analysts' ests. of $24.62 bln - LSEG
DIS posts 44% jump in adjusted EPS of $1.76 vs ests. of $1.45
In Q1, DIS banked on holiday box office performance of "Moana 2" and higher profits at co's streaming business
Quarterly operating income rose 31% to $5.1 bln
Subscribers for co's flagship video streaming service, Disney+, slipped 1% from prior quarter to 124.6 mln
In 2024, DIS shares rose 23.3%
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