Disney Stock Soars as Q1 Earnings Smash Through Wall Street Expectations
thewrap.comrevenue and operating income at our domestic parks and resorts, the launch of a new franchise with Encanto, and a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added in the first quarter,” Bob Chapek, CEO, The Walt Disney Company, said in a statement. “This marks the final year of The Walt Disney Company’s first century, and performance like this coupled with our unmatched collection of assets and platforms, creative capabilities, and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years.”On the theatrical end, Disney had committed to putting all of its movies released in the last quarter in theaters for an exclusive window of at least 45 days, with the exception of “Encanto,” which had a 30-day theatrical window before hitting Disney+.
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