Escapism is working well for Disney, even though the entertainment giant itself can’t completely disengage from the world it inhabits.
Disney’s second quarter financial results Wednesday afternoon’s announcement topped Wall Street estimates in key business sectors like streaming, domestic theme parks and TV advertising. Revenue for the fiscal second quarter ended April 2 was up 23% year-on-year to $19.3 billion, with operating income up 50% to $3.7 billion. The company added 7.9 million subscribers to its Disney+ streaming service, 52% more than analysts had predicted, while domestic theme park revenue was $4.9 billion. la is close to the pre-pandemic peak for that segment.
