NEW YORK (AP) - Disney easily topped first-quarter expectations thanks in part to the box office smash " Moana 2." There were some oversized expectations for the animated film but "Moana 2", originally intended as a series for the company's streaming service before it was produced for the big screen. Moana (2016) In ancient Polynesia, when a terrible curse incurred by the demigod Maui reaches Moana's island, she answers the Ocean's call to seek out Maui to set things right. Walt Disney DIS.N sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel "Moana 2.
Disney studio earnings soar with 'Moana 2.' Hurricanes hit theme park profits Moana and Maui in "Moana 2," which propelled Disney's first. Moana grossed $247 million domestic, with $319 million foreign and $32 million in China for a $600 million total. 'Moana 2' and Streaming Power Disney to Wall Street Beat in Latest Quarter Hurricanes Milton and Helene hit the company's experiences division, however.
Walt Disney exceeded earnings expectations for the first fiscal quarter, driven by the success of Moana 2 and higher streaming profits. There were some oversized expectations for the animated film but "Moana 2", originally intended as a series for the company's streaming service before it was produced for the big screen. Animated blockbuster "Moana 2" put wind into Disney's sales for the last three months of 2024.
The sequel's strong showing at the box office, along with another profitable quarter for. Dwayne Johnson's Moana 2 has reached the $960 million mark at the worldwide box office, and the film is poised to cross the $1 billion threshold soon.