Disney made good money from April to June. This was because their parks in the US did very well, and many new people signed up for their online TV service.

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

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

In the first three months of the year, Disney made $3.28 billion. One year before, they lost $20 million.

Not counting special costs or extra money, the company made $1.45 for each share. This was more than the $1.18 that experts thought it would be, according to a study.

Money earned went up 7% to $23.62 billion. This was also more than people thought it would be.

Money from Disney's movies and streaming went up by 9%. Money from their parks went up by 6%.

Some recent popular movies are "Moana 2" and "Mufasa: The Lion King." Their newest film, "Thunderbolts," is number one at the cinema right now. The boss, Bob Iger, and the money manager, Hugh Johnston, said they feel good about the movies coming out this year, like "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 Donald Trump.

Disney's streaming business is still growing. Their services, like Disney+ and Hulu, made $336 million this quarter. Last year, they made $47 million, so this is a big increase. They also made 8% more money from sales.

More people paid for Disney+. In the U.S. and Canada, 2% more people subscribed. In other countries, 1% more people subscribed (but not people using Disney+ HotStar).

Disney+ got a little more paying customers. They now have 126 million, which is 1% more than the 124.6 million they had before. This was a surprise because The Walt Disney Company thought they would have fewer customers this time.

Disney+ and Hulu now have 180.7 million people who pay to watch. This is 2.5 million more than in the first three months of the year.

Mike Proulx said Disney did very well because they have many popular movies and shows. Their online service is also making more money. He thinks Disney wants to make more movies and shows in other countries, like Netflix does. This could mean they want to compete more with Netflix.

Disney makes money in two ways from films that do well. First, the films make money in cinemas. Second, they are used for Disney's streaming service, which is getting bigger.

"Moana 2" has been watched for over 139 million hours on Disney+ since it came out on March 12. This makes it the most popular movie from Walt Disney Animation Studios to start on Disney+ since "Encanto." The first "Moana" movie is still the most watched movie on Disney+ with more than 1.4 billion hours watched.

The part of Disney that has parks, cruises, and shops made more money, earning $2.5 billion. It made 9% more than before. The parks in the US made 13% more money. But the parks outside the US made 23% less money. This is because the parks in Shanghai and Hong Kong did not have many visitors.

Disney is good at managing all parts of its business. They are also looking for a new leader to replace Iger, who has been the main person at Disney for about twenty years.

Disney started looking seriously for a new leader last year with help from James Gorman at Morgan Stanley.

Disney has time because Bob Iger, the person in charge, will stay until the end of 2026.

Disney is looking for people from inside and outside the company. People think some of the people from inside the company could be Jimmy Pitaro, Josh D’Amaro, Alan Bergman, and Dana Walden.

Disney expects to earn about $5.75 for each share this year. This is more than what experts thought, which was $5.43. Before, the company said they expected their earnings to grow a little next year.