Shares of Disney popped late Thursday after it said consumers flocked back to its theme parks, like Disney World and Disneyland, in the third quarter.
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Shares of Disney popped late Thursday after it said consumers flocked back to its theme parks, like Disney World and Disneyland, in the third quarter. The Mouse House said the economy recovery triggered by widespread vaccinations has helped its all-important theme parks, resorts and cruise business, which had been crushed by the pandemic, return to profitability in the quarter that ended July 3. Consumers also continued to sign up for the company’s streaming service Disney+ last quarter, even as people were venturing outside more. The service notched 116 million subscribers, up from 103.6 million in the previous quarter — besting analysts’ forecast for 114.
