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 people using its online video service.

The company also said it expects to make more money this year, which made their shares go up by 11% on Wednesday.

Disney also said it plans to construct a seventh theme park in Abu Dhabi.

In the first three months of the year, ending on March 30, Disney made $3.28 billion, which is $1.81 for each share. The year before, the company lost $20 million, which is one penny per share.

Without including special costs or gains, the company made $1.45 for each share. This was higher 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.

Disney Entertainment, which has the company's movie studios and streaming service, made 9% more money. The Experiences part, which is its parks, made 6% more money.

Recently popular movies include “Moana 2” and “Mufasa: The Lion King.” Their newest film, “Thunderbolts,” is currently number one at the box office. CEO Bob Iger and Chief Financial Officer Hugh Johnston stated they believe in this year’s film list, which features “Lilo & Stitch,” “The Fantastic Four: First Steps,” and “Avatar: Fire and Ash.”

However, Disney could face problems because of the trade conflict started by President Donald Trump.

Disney's streaming services are still making more money, with profits increasing greatly compared to last year, and total sales going up by 8%.

Disney+ streaming service had a small increase in paid customers. In the U.S. and Canada, it was 2%. Internationally, it was 1%, not including Disney+ HotStar.

Disney+ got more subscribers, reaching 126 million in the last three months. This was surprising because the company thought the number would go down a little.

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

Mike Proulx, a leader at Forrester, said that Disney's mix of content helped them have a better quarter than they expected because their streaming business is making more money. He also said that Disney's plan to invest in local content in other countries might mean they are trying to compete more directly with Netflix, which is known for having many international shows.

Disney has gained in two ways from successful movies, as these films then provide content for its expanding streaming service.

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

The part of the company that includes theme parks and other entertainment reported that its profits went up by 9%, reaching $2.5 billion. Profits increased by 13% at the parks in the home country, but fell by 23% at the international parks because the parks in Shanghai and Hong Kong did not do as well.

While Disney manages its different businesses well, it is also still searching for a new leader to take over from Iger, who has been the main person at Disney for almost twenty years.

Disney set up a committee in 2023 to plan for who would take over as the next leader. But the real search began last year when they asked James Gorman, a top person at Morgan Stanley, to be in charge of it.

Disney has some time because Iger agreed to continue leading the company until the end of 2026.

Disney is considering people from inside and outside the company for the job. Many think the people from inside could be the head of ESPN, Jimmy Pitaro, the head of Disney Parks and Resorts, Josh D’Amaro, and the co-heads of Disney Entertainment, Alan Bergman and Dana Walden.

Disney expects to earn $5.75 per share this year, which is more than the $5.43 that experts thought it would earn.