Earnings Recap (8/10/22)
Disney posted better than expected top and bottom line results, driven by solid spending at its domestic theme parks (72% growth YoY). 💪
Additionally, Disney+ subscriptions rose to 152.1 million, significantly higher than the 147 million that analysts anticipated. Given that streaming will be a significant growth driver for the company, its strength helped quell concerns (for now) that the global streaming market is saturated.