Disney had good profits and income in the second quarter because its theme parks in the US did very well, and the company got more than a million new subscribers for its streaming service.

The company also increased its expected profits for the year, causing shares to rise by 11% on Wednesday.

Disney also said they plan to construct a seventh theme park in Abu Dhabi.

In the three months up to March 30, Disney made $3.28 billion, which is $1.81 for each share. The company from Burbank, California, lost $20 million, or one cent per share, in the same three months the year before.

Not including special costs or income, the company made $1.45 for each share. This was more than the $1.18 that experts expected, according to a study.

Sales increased by 7% to $23.62 billion, which was also more than expected.

Money earned by Disney Entertainment, such as their film studios and streaming service, went up by 9%. At the same time, money from the Experiences part, which includes their parks, grew by 6%.

Recently popular movies include "Moana 2" and "Mufasa: The Lion King." Their newest movie, "Thunderbolts," is currently number one at the box office. CEO Bob Iger and Chief Financial Officer Hugh Johnston stated that they are sure about this year's movies, like "Lilo & Stitch," "The Fantastic Four: First Steps," and "Avatar: Fire and Ash."

However, Disney might suffer because of the trade war started by President Donald Trump. Other American companies have seen negative reactions from customers in other countries. On Monday, Trump began a new attack in his tariff war, aiming at films made outside the US.

Disney's streaming services are making more money now. These services, like Disney+ and Hulu, earned $336 million in the last three months, much more than the $47 million they made at the same time last year. Their total sales went up by 8%.

The Disney+ streaming service saw a 2% rise in paying customers in the U.S. and Canada. It also grew by 1% in other countries, not including Disney+ HotStar.

The number of people paying for Disney+ increased slightly to 126 million, which was unexpected, because the company thought the number would go down a little.

Disney+ and Hulu had 180.7 million subscriptions in total. This is 2.5 million more than in the first quarter.

Mike Proulx, a leader at Forrester, said that a good mix of shows and movies helped Disney have a better three months than they expected because their online streaming service is making more money. He also said that if Disney puts money into local shows and movies in other countries, it might mean they are trying to compete more directly with Netflix, which is known for having many international shows and movies.

Disney gets two benefits from successful movies because these movies also become content for its streaming service, which is getting bigger.

According to Iger and Johnston, "Moana 2" has been watched for over 139 million hours on Disney+ since it started on March 12. This makes it the most popular film from Walt Disney Animation Studios to start on the platform since "Encanto." The first "Moana" film is still the most watched movie on Disney+ overall, with more than 1.4 billion hours watched.

The Experiences part of Disney, which has theme parks all over the world, cruise ships, and sells things like toys and games, said its profits increased by 9% to $2.5 billion. Profits went up by 13% in the parks in the US. But profits fell by 23% in the parks outside the US and in other Experiences, because the parks in Shanghai and Hong Kong were not as popular.

While Disney manages its different business parts well, it is also still searching for a new leader to replace Iger, who has been the main person at Disney for nearly twenty years.

Disney created a committee in 2023 to plan for who would lead in the future. But they started looking seriously last year when they asked James Gorman, a leader at Morgan Stanley, to be in charge of finding the right person.

Disney still has some time, because Iger agreed to a longer contract that keeps him at the company until the end of 2026.

Disney is considering people from inside and outside the company for the job. Many people think the internal candidates include Jimmy Pitaro, who leads ESPN (owned by Disney), Josh D’Amaro, who is in charge of Disney Parks and Resorts, and Alan Bergman and Dana Walden, who both lead Disney Entertainment.

Disney expects to earn $5.75 per share for the whole year, which is more than experts expected ($5.43 per share). The company had previously said they thought earnings per share would grow by a high percentage in 2025.