Why Disney Stock Is Soaring Today

Core Insights - Walt Disney's shares surged by 10.6% following better-than-expected quarterly results and the announcement of a new theme park in Abu Dhabi [1][2] Financial Performance - Disney reported Q2 revenue of $23.62 billion, a 7% increase year-over-year, surpassing estimates of$ 23.05 billion [2] - Adjusted earnings per share (EPS) reached $1.45, a 20% increase, exceeding expectations of$ 1.20 [2] - The company raised its full-year EPS forecast to $5.75, indicating a 16% year-over-year gain from 2024 and nearly double the previous guidance [2] Streaming Business - The streaming segment, including Disney+ and Hulu, reported a profit of$ 336 million, significantly up from $47 million in Q2 2024 [3] New Theme Park Announcement - Disney announced plans for a new theme park and resort in Abu Dhabi, marking its first major expansion into the Middle East [5] - CEO Bob Iger highlighted the strategic location of the UAE, with one-third of the world's population within a four-hour flight, potentially accessing a tourism market of around 500 million visitors [6] Growth Strategy - Under CEO Bob Iger's leadership, Disney is executing a multipronged growth strategy, with parks performing well and the company emerging as a winner in the streaming wars [8]