Disney profit beats expectations

The Walt Disney Company reported first-quarter results that surpassed analyst expectations, signaling a successful transition under new CEO Josh D'Amaro.

The entertainment giant's streaming division achieved profitability ahead of schedule, while its domestic theme parks continued to see robust attendance and spending.

D'Amaro emphasized a commitment to creative excellence and announced major investments in new attractions and cruise line expansions.

Despite the positive earnings, the company continues to navigate challenges in its linear television business and evolving consumer habits.