Disney beat Wall Street's expectations on revenue and earnings per share in its fiscal first quarter. Disney+ subscribers declined by 1%, despite the segment's profit. Average monthly revenue per Disney+ subscriber rose 4% due to price hikes, while Hulu subscriptions grew 3%. The entertainment division saw revenue climb 9%, boosting operating income by 95%. Domestic theme park revenue rose 2% year-over-year, but hurricanes, attendance declines, and cruise ship investments hindered domestic operating income.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Disney beat Wall Street expectations on both revenue and earnings per share in its fiscal
00:06first quarter. Disney Plus subscribers declined by 1% despite the segment's profit. Average
00:11monthly revenue per Disney Plus subscriber rose 4% due to price hikes, while Hulu subscriptions
00:16grew 3%. The entertainment division saw revenue climb 9%, boosting operation income by 95%.
00:23Domestic theme park revenue rose 2% year over year, but hurricane attendance declines.
00:28And cruise ship investments hindered domestic operating income.