Disney earned good money and sales in the second part of the year. This was because their parks in the US did very well, and over a million new people joined their online TV service.

The company said it will make more money this year. This made its shares go up by 11% on Wednesday.

Disney also said that it will build a seventh theme park in Abu Dhabi.

In the first three months of this year, Disney made a profit of $3.28 billion. This means $1.81 for each share. But in the same three months last year, the company lost money. They lost $20 million, which was one cent for each share.

If we don't count special costs or extra money, the company made $1.45 for each share. This was more than the $1.18 that experts on Wall Street thought they would make, based on a study by Zacks Investment Research.

The money they made went up by 7% to $23.62 billion. This was also more than they thought it would be.

Disney Entertainment made 9% more money from its movies and streaming service. Money from their parks went up by 6%.

Some recent popular movies are “Moana 2” and “Mufasa: The Lion King.” Their newest movie, “Thunderbolts,” is currently number one at the box office. The main boss, Bob Iger, and the money boss, Hugh Johnston, said they think this year's movies will do well. These movies include “Lilo & Stitch,” “The Fantastic Four: First Steps,” and “Avatar: Fire and Ash.”

But Disney might have problems because of the trade war started by President Trump.

Disney's online TV services are still getting bigger. These services, like Disney+ and Hulu, made $336 million in profit in the last three months. This is much more than the $47 million they made at the same time last year. They also made 8% more money from customers.

More people paid for Disney+ in the US and Canada (2% more). In other countries (not including Disney+ HotStar), 1% more people paid for it.

More people paid for Disney+ this quarter. There were 126 million subscribers, which was 1% more than the 124.6 million in the first quarter. Disney thought the number of subscribers might go down this quarter, not up.

180.7 million people paid for Disney+ and Hulu. This is 2.5 million more than in the first three months of the year.

Mike Proulx said that Disney had a good few months because of their movies and shows. Their online TV service is also making more money. He thinks Disney might make more movies and shows in other countries. This could be because they want to compete with Netflix, which has many international movies and shows.

Disney makes money in two ways because their popular movies from the cinema are also used for their online service.

The movie "Moana 2" has been watched a lot on Disney+. People have watched it for over 139 million hours since it came out on March 12. This makes it the most popular Walt Disney cartoon movie to start on Disney+ since "Encanto." The first "Moana" movie is still the most watched movie on Disney+ with over 1.4 billion hours watched.

The part of Disney that has parks, ships, shops, and games made $2.5 billion, which is 9% more. Money made from parks in the USA went up 13%. Money made from parks in other countries went down 23% because fewer people went to the parks in Shanghai and Hong Kong.

Disney is managing its different businesses well. They are also looking for a new leader to take over from Iger, who led the company for nearly 20 years.

Disney started looking seriously for a new leader last year, and asked James Gorman from Morgan Stanley to help.

Disney has time because Iger will stay at the company until the end of 2026.

Disney is looking for people from inside and outside the company. People think that some of the people from inside the company are Jimmy Pitaro, who is in charge of ESPN, Josh D’Amaro, who is in charge of the parks, and Alan Bergman and Dana Walden, who are in charge of Disney Entertainment.

Disney thinks it will earn about $5.75 for each share this year. This is more than the $5.43 per share that experts thought.