ORANGE COUNTY, Fla. — Disney’s earnings came in ahead of Wall Street expectations on Thursday, with shares up 5%.
For the company, the bright spot continues to be Disney+, its online streaming services, which beat estimates and surpassed 116 million subscribers.
Meanwhile, the parks are continuing to recover.
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Attendance is strong, but the toll of COVID-19 has been a major factor especially with the current outbreak in Florida with Disney’s CEO highlighting the uncertainty of the delta variant.
Sailing on Disney cruise lines is not back to normal, but the company is anticipating getting regular schedules soon.
Disney has required vaccinations for non-union employees, but officials did not discuss union employees.
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The company said it is beating estimates for park attendance and reservations at its hotels, but that it’s monitoring the latest outbreak.
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