Disney pleased both Wall Street and TikTok fans in its first full quarter under CEO Josh D’Amaro.
Shares rose over 4% in premarket trading as the Mouse House posted strong earnings for the quarter that ended June 27.
Adjusted diluted earnings per share were up 28% year-over-year to $2.06, higher than analysts’ estimate of $1.86 per share. Streaming operating income more than doubled to $712 million this quarter.
Revenue rose 7% year-over-year to $25.25 billion, which was just below the estimate of $25.39 billion from analysts polled by Bloomberg.
Disney also announced a TikTok deal that will bring more short-form vertical video to its platform…
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