Disney Stock Soars 9.59% on Middle East Expansion, Earnings Beat

Generated by AI AgentAinvest Movers Radar
Wednesday, May 7, 2025 9:22 am ET1min read

The Walt

Company's stock surged 9.59% in pre-market trading on May 7, 2025, driven by a series of strategic announcements and strong financial performance.

Disney has announced a significant expansion into the Middle East with the development of a new theme park and resort in Abu Dhabi, United Arab Emirates. This project, in collaboration with Miral, marks Disney's seventh theme park resort globally. The park will be designed and overseen by Disney's Imagineers, ensuring a unique and immersive experience for visitors. While Disney will not invest capital in the project, it will benefit from licensing fees.

This announcement comes on the heels of Disney's second-quarter earnings report, which exceeded expectations. The company's experience segment, which includes theme parks, cruises, and resorts, saw a 6% year-over-year revenue increase. This segment is crucial for Disney, contributing 37% of the company's total revenue and nearly 60% of its operating income in the 2024 fiscal year. Disney's CEO, Bob Iger, highlighted the resilience and strength of the company's experience business, despite macroeconomic uncertainties and competitive pressures.

Comments



Add a public comment...
No comments

No comments yet