Disney had good profits and revenue 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 raised its expected profit for the year, causing shares to increase by 11% on Wednesday.

Furthermore, Disney revealed plans for the construction of a seventh theme park in Abu Dhabi.

For the first three months of the year, Disney made $3.28 billion, which is $1.81 for each share. The company in Burbank, California, had lost $20 million, or one penny per share, in the same period the previous year.

If you don't count one-time costs or gains, the company earned $1.45 for each share. This was more than the $1.18 that financial experts expected, based on a survey.

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

Money from Disney's entertainment businesses, like films and streaming, went up by 9%, and money from its parks grew by 6%.

Some recent successful movies are “Moana 2” and “Mufasa: The Lion King.” Their newest film, “Thunderbolts,” is currently the most popular. The leaders, Bob Iger and Hugh Johnston, said they believe the movies coming out this year will do well, including “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.

Currently, Disney's streaming services are still growing. Their services, like Disney+ and Hulu, made a profit of $336 million this quarter, which is much more than the $47 million profit they made last year. Their income also went up by 8%.

Disney+ saw a small increase in paying customers in the U.S. and Canada (2%), and a slightly smaller increase internationally (1%), not counting Disney+ HotStar.

In the last three months, the number of people paying for Disney+ increased by 1% to 126 million, which was surprising because the company had expected a small decrease.

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

Mike Proulx, a director at Forrester, said that Disney had a very good three months because of their content and their streaming service earning more money. He also said that Disney might invest in local international shows to compete more directly with Netflix, which is known for its many international shows.

Disney has benefited twice from successful movies, as these films then become content for its growing streaming service.

"Moana 2" has been watched for over 139 million hours since it started streaming on Disney+ on March 12. This makes it the most popular Disney animated movie debut on the platform since "Encanto," according to Iger and Johnston. The first "Moana" is still the most watched movie on Disney+, with more than 1.4 billion hours watched.

The part of the company that includes theme parks, cruises, and products reported profits increased by 9% to $2.5 billion. Profits went up by 13% at parks in the US. Profits fell by 23% for parks in other countries and other Experiences, because business was slow at its parks in Shanghai and Hong Kong.

Disney is trying to manage all the different parts of its business well. At the same time, they are still searching for someone to take over from Bob Iger, who has been the main person representing Disney for nearly twenty years.

Disney made a committee in 2023 to plan who will lead in the future, but they started looking seriously last year. They asked James Gorman from Morgan Stanley to be in charge of finding the right person.

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

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

Disney thinks its adjusted earnings for the whole year will be $5.75 per share. This is more than the $5.43 per share that experts surveyed by FactSet expected. Before, the company said that adjusted earnings per share would increase by a high single digit percentage in the fiscal year 2025.