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00:02Disney reported quarterly revenue that exceeded expectations,
00:06driven by its streaming and theme park units, according to CNBC.
00:10Disney reported adjusted earnings of $1.57 per share on $25.17 billion in revenue,
00:18exceeding expectations of $1.49 per share and $24.78 billion.
00:24Revenue rose 7% year over year.
00:27The Experiences segment generated nearly $9.5 billion in revenue, up 7%,
00:33as guest spending increased in demand remained healthy.
00:37Domestic visitation declined 1%, while global attendance rose 2%.
00:42Entertainment revenue increased 10% to $11.72 billion,
00:47supported by streaming price hikes, advertising growth, and box office releases.
00:52Sports revenue rose 2% to $4.61 billion,
00:56driven by higher fees and NFL media rights.
01:00Disney forecast about 12% adjusted earnings growth for fiscal 2026,
01:04and raised its share repurchase target to at least $8 billion.
01:09Shares gained about 5% in Wednesday's pre-market trading.
01:12For all things money, visit Benzinga.com.
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