By George Glover

Disney stock was soaring early Wednesday after solid revenue growth in the company's under-fire theme-park division helped it beat Wall Street's quarterly earnings estimates.

The House of Mouse reported adjusted quarterly earnings of $1.45 a share, as revenue rose 7% from a year ago to $23.6 billion. Analysts were expecting an adjusted profit of $1.19 a share on revenue of $23.1 billion, according to a FactSet poll.

Shares jumped 6.6% to $98.25 ahead of the opening bell. Futures tracking the benchmark S&P 500 index were up 0.7%.

Revenue for Disney's experiences segment, which includes its theme parks, rose 6% from a year ago to $8.9 billion. The Street was looking for $8.7 billion. The solid parks revenue growth could help to reassure investors, who had been fretting that President Donald Trump's tariffs could drive up inflation and lead to Americans spending less on big-ticket items like vacations.

The company's streaming division, which includes the Disney+ platform, added 2.5 million subscribers over the quarter ended March 31. Its operating profit rose to $336 million, up from $47 million a year earlier.

Disney said it was expecting adjusted earnings of $5.75 a share for its current fiscal year, which ends in September, although it noted that it will be monitoring macroeconomic developments that could shift its outlook. Analysts had been forecasting earnings of $5.43 for the current fiscal year.

The earnings beat ought to give the stock a much-needed boost: As of Tuesday's close, it was down 17% this year, compared with a 4.7% drop for the S&P 500. Rivals Netflix and Comcast are up 28% and down 8.1%, respectively, in 2025.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 07, 2025 07:31 ET (11:31 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.