Walt Disney Company shares surged in trading ahead of the market opening in the middle after the publication of the results. The company reported earnings that were higher than analysts' expectations. Following this news, shares surged by several percent.
"We are very pleased with how our company is managing the challenges of the current economic situation," noted the company's director in a comment on the financial results.
In particular, successful results were achieved thanks to the growth of streaming content on Disney+ and Hulu platforms. In the first quarter, the company gained a significant number of new subscribers due to popular series and films.
According to analysts' estimates, Walt Disney Company will continue to successfully develop in the future, as it is able to adapt to the changing market demands and consumer needs.
