Disney’s Parks, Experience and Products division generated a higher-than-expected total revenue of $6.7 billion in the second financial quarter of 2022, more than double that of the same period last year, per the company’s earnings report.
Revenue is 16 percent higher than the $4.2 billion that was reported in the fiscal second quarter of 2019, showing a marked improvement from even pre-pandemic metrics. Operating income additionally rose 32 perecent.
On the market, Disney shares closed at $105.21, experiencing a 5 percent bump in after-market trading when the finances were released.
“They continue to fire on all cylinders, powered by strong demand coupled with customized and personalized...