In the second quarter, Disney made good profits and income because its theme parks in the US did very well and the company got more than a million new customers for its streaming service.

The company also said it expected to make more profit this year, which caused its shares to increase by 11% on Wednesday.

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

For the three months ending March 30, Disney made $3.28 billion, which is $1.81 for each share. The company, which is in Burbank, California, lost $20 million, or a penny for each share, the year before.

If you don't include special costs, the company made $1.45 for each share. This was higher than the $1.18 that experts expected, according to a survey.

Money earned went up 7% to $23.62 billion, which was more than expected.

Money earned by Disney Entertainment, like their films and streaming, went up 9%, and money from their parks went up 6%.

Some popular recent movies are “Moana 2” and “Mufasa: The Lion King.” Their newest film, “Thunderbolts,” is now number one in the cinemas. The CEO, Bob Iger, and the Chief Financial Officer, Hugh Johnston, stated that they believe in the films planned for this year, such as “Lilo & Stitch,” “The Fantastic Four: First Steps,” and “Avatar: Fire and Ash.”

However, Disney could be affected by the trade conflict started by President Donald Trump.

Disney's streaming services, like Disney+ and Hulu, are making more money. In the last three months, they made $336 million, which is a lot more than the $47 million they made at the same time last year. Their total sales also went up by 8%.

Disney+, a streaming service, had 2% more paying customers in the U.S. and Canada. In other countries, not including Disney+ HotStar, the number of customers went up by 1%.

The number of people who pay for Disney+ went up by 1% this quarter, reaching a surprising 126 million subscribers. This is more than the 124.6 million they had in the first three months of the year. The Walt Disney Co. had said before that they thought the number of Disney+ subscribers would go down a little in the second quarter compared to the first quarter.

The total number of people who subscribe to Disney+ and Hulu is now 180.7 million. This is 2.5 million more than in the first three months of the year.

Mike Proulx said that Disney had a very good three months because their streaming service is making more money and they have great shows and movies. He also said that Disney might be trying to compete more directly with Netflix by investing in local international shows and movies, as Netflix is known for having a lot of international content.

Disney has benefited in two ways from successful films because these films also provide content for its streaming service, which is getting bigger.

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

The part of the company that includes theme parks, cruises, and goods made 9% more money, earning $2.5 billion. Money from parks in the home country went up 13%. But money from parks and activities outside the home country went down 23% because the parks in Shanghai and Hong Kong were not doing well.

While Disney successfully manages all the different parts of its business, it is also still looking for someone to take over from Iger, who has been the main person at Disney for almost twenty years.

Disney formed a committee in 2023 to plan for future leaders, but the serious search began last year when they asked James Gorman from Morgan Stanley to be in charge.

Disney has some time because Iger signed a new contract that means he will stay at the company until the end of 2026.

Disney is looking at people from inside and outside the company. People think the internal candidates are Jimmy Pitaro, who is in charge of ESPN (which Disney owns), Josh D’Amaro, who leads Walt Disney Parks and Resorts, and Alan Bergman and Dana Walden, who are in charge of Disney Entertainment together.

Disney thinks it will earn around $5.75 for each share this year. This is more than experts expected, as they thought it would be $5.43 per share.