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Walt Disney Company Revenue Growth Fuels Q3 Earnings

Disney Q3 Revenue Tops Expectations

The Walt Disney Company (DIS) reported its financial results for the third quarter of fiscal 2024, showcasing a 4% increase in revenue to $23.2 billion, beating analysts' estimates.

Revenue Highlights

• Total revenue rose 4% to $23.2 billion.
• Operating income surged by 19% to $4.23 billion.
• Adjusted earnings per share reached $1.39, exceeding Zacks Consensus estimates.

Disney's Revenue Growth Drivers

Disney's revenue growth was fueled by strong performances across its business segments:

• Disney Parks, Experiences and Products revenue increased by 7% to $7.4 billion.
• Disney Media and Entertainment Distribution revenue rose by 5% to $14.3 billion.
• Disney International Content and Operations revenue grew by 3% to $1.5 billion.

Conclusion

The Walt Disney Company's Q3 earnings report demonstrates the company's resilience and continued growth. With its diverse portfolio of businesses and strong brands, Disney is well-positioned to navigate industry challenges and capitalize on future opportunities.

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