Disneytopped Wall Street forecasts for its fiscal second quarter and inched closer to the long-awaited milestone ofstreamingprofitability.
Excluding items, dilutedearningsper share for the quarter increased to $1.21 from 93 cents.
Analysts had been expecting revenue of $20.53 billion and earnings per share of $1.02.
Walt Disney Studios and the Walt Disney Co. headquarters in BurbankAaronP/Bauer-Griffin/GC Images
The two had a loss of $587 million in the same period of 2023.
Disney+ Core average revenue per user increased by 44 cents over the previous quarter.
Shares pulled back a fraction in pre-market trading on the quarterly financials.
Shares have started 2024 on a hot streak, gaining more than 30% this year to date.
