Disney is experiencing a renaissance with a 44 percent increase in per-share quarterly profits, signaling a shift from its recent turmoil. CEO Robert A. Iger announced that blockbusters like Moana 2, which grossed over $1 billion globally, alongside healthier streaming revenues, helped offset weaker performances in ESPN and theme park sectors. While Disney has traditionally relied on its diverse business portfolio to stabilize profits, the media giant now faces competition from streaming-focused companies like Netflix. Despite its overall gains and a rise in share price, investor reactions have been muted due to concerns over long-term growth strategies. Iger emphasized the need for improved streaming technology to enhance subscriber retention while bringing back the Disney magic with future film projects.
