“The excellent performance this quarter, driven by the Entertainment and Experiences segments, demonstrates the continued success in building growth and executing our strategic priorities,” stated CEO Robert A. Iger in a statement.
In terms of revenue, the audiovisual giant generated $48.311 billion (42.5 billion euros) during the first half of the fiscal year, a 6% increase over the previous year, attributed partly to its growth in the entertainment segment.
In the entertainment division—which includes traditional television networks, radio, and films—revenues rose 9% year-over-year in this semester, reaching $21.554 billion (18.98 billion euros), thanks to a strong film catalog during the winter, as reported by the company.
Regarding the streaming platform, the group had previously announced an expected decline in Disney+ subscribers during the quarter but recorded an increase of 1.4 million new subscribers, raising the current global total to 126 million.
Disney also announced plans to construct its seventh theme park in Abu Dhabi, United Arab Emirates, at a seaside resort on Yas Island.
