A theme-park comeback continued to help Disney’s results recover in the most recent quarter.
The company also added more subscribers to its Disney+ streaming service than analysts expected. Disney had closed or limited capacity at its theme parks and suspended cruises earlier in the pandemic. Domestic parks have reopened, and revenue in that division doubled in the most recent quarter, to $7.23 billion. Burbank, California-based Disney on Wednesday reported net income of $1.1 billion in the three months through Jan. 1, compared with $17 million in the fiscal first quarter the year before.
Disney shares popped 8% to $159.08 in aftermarket trading.
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ANNAPOLIS, Md. (AP) — Maryland lawmakers have outlined a package of measures to support child-care providers, who have struggled during the COVID-19 pandemic. Lawmakers from the House and Senate held a joint video conference on Thursday to talk about the measures. In the last two years, they say more than 750 providers have been forced to close. The package includes grants to attract and retain providers, as well as loans […]
