Disney made good profits and earned a lot of money in the second quarter because its theme parks in the country did very well, and the company got more than a million new customers for its streaming service.

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

Furthermore, Disney revealed plans to construct a seventh theme park in Abu Dhabi.

In the three months before March 30, Disney made $3.28 billion. This means they earned $1.81 for each share of stock. But the company, which is in Burbank, California, had lost $20 million, or one cent per share, in the same time the year before.

Not including one-time costs or gains, the company made $1.45 per share. This was more than the $1.18 that Wall Street experts expected, according to research from Zacks Investment Research.

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

Money earned by Disney Entertainment, like their movie studios and streaming service, went up by 9%, and money from their parks (Experiences) grew by 6%.

Popular new films 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 said they believe in this year’s list of films, such as “Lilo & Stitch,” “The Fantastic Four: First Steps” and “Avatar: Fire and Ash.”

However, Disney might face problems because of the trade war started by President Donald Trump.

Disney’s streaming business is still getting bigger. This part of the company, which has services like Disney+ and Hulu, made $336 million in profit this quarter. Last year, it only made $47 million during the same three months. The money it made went up by 8%.

Disney+ streaming service saw a 2% rise in paying customers in the U.S. and Canada. Internationally, without Disney+ HotStar, there was a 1% increase.

The number of people paying for Disney+ went up a little to 126 million in the quarter. This was surprising because the company thought they would have fewer subscribers.

Disney+ and Hulu had a total of 180.7 million subscribers, which was 2.5 million more than in the first three months of the year.

Mike Proulx, a director at Forrester, said that a good mix of content helped Disney have a better quarter than they expected because their streaming service is making more money. He also said that Disney investing in local content in different countries could mean they are trying to compete more directly with Netflix, which is known for its many international shows and movies.

Disney gets two benefits from successful movies because these films also become shows for their streaming service.

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

The part of Disney with theme parks, cruise ships, and products like toys and games made a profit of $2.5 billion, which is 9% more than before. Profits from parks in the US increased by 13%. But profits from parks outside the US and other experiences went down by 23%, mainly because the parks in Shanghai and Hong Kong had fewer visitors.

While Disney is still managing all the different parts of its business well, it is also still looking for someone to replace Iger, who has been the main person at Disney for almost twenty years.

Disney created a committee in 2023 to plan for who would take over as leader. But they started looking seriously last year when they asked James Gorman from Morgan Stanley to be in charge.

Disney has some time because Iger signed a contract extension to stay with the company until the end of 2026.

Disney is considering people from inside and outside the company. People think the internal candidates are the head of ESPN, Jimmy Pitaro, the head of Walt Disney Parks and Resorts, Josh D’Amaro, and the co-chairmen of Disney Entertainment, Alan Bergman and Dana Walden.

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