3 Big Takeaways From Disney's Blowout Report
Walt Disney (NYSE: DIS) needed a good quarter after a rough year, and it finally got one this week. The media mogul posted blowout results for the fiscal first quarter of 2022, checking off all of the necessary boxes for a Disney success. After a rough fiscal 2021 for the House of Mouse and its investors, is the market bellwether finally turning the corner?
Revenue and earnings easily beat expectations, something that certainly didn't happen last time out. It had strong growth in Disney+ subscriptions, something that only happened one other time over the past year. The service itself also had an unlikely hit in its catalog. Finally we saw Disney's iconic theme parks hit a pretty important milestone. Let's break it all down.
Image source: Walt Disney.
Source Fool.com
