Why Disney stocks are soaring today

stock Walt Disney (Dis 11.06%)) It is rising on Wednesday. The company’s shares rose 10.6% at 1:44 pm and gained 12.1% earlier a day. Above the bridge S & P 500 (^GSPC 0.66%)) 0.2%and Nasdaq composite (^ixic 0.23%)) 0.2% lost on the day.

The company has provided better quarterly results and announced plans for Abu Davi’s new theme park.

Imported bit

Disney reported Q2 income this morning. This number has gained expectations for Wall Street’s sales and imports. Revenue consisted of $ 23.6 billion, an estimated $ 23.5 billion and $ 23.5 billion, up 7% year -on -year. The adjusted income per share (EPS) increased by 20% to $ 1.45 and defeated 1.20 expectations.

Disney also raised the annual EPS forecast to $ 5.75. It will be a 16%profit from 2024 and will be about twice the previous guidelines.

One of the most impressive aspects of Disney’s results was the continuous profitability of the streaming business, including Disney+and Hulu. Despite most of the competition, the division gained $ 333 million, and it increased from $ 47 million in 2,20024.

Image Source: Getty Image.

New Abu Dabi Theme Park announced

Investors have also been impressed by Disney’s announcement that they plan to build a new theme park and resort in Disney’s UAE. This will be Disney’s seventh global theme park destination and indicates the first main expansion to the Middle East.

Bob IGER, CEO of Bob Iger, described the project as “truly disney and clearly emirati” and mentioned that one -third of the world’s population lives in a four -hour flight of the UAE. With this strategic position, Disney can use the address tourist market, which consists of about 500 million visitors in the Middle East, Africa, India, Asia and Europe.

Investment prospects are strengthened

Under IGER’s new leadership, Disney is running a multi -growth strategy. While Parks continues to be delivered, the company seems to be one of the few winners of the streaming war. I think Disney is a big choice.