The company brought in $17 billion in sales, up 45% from same period last year. That’s a bit higher than Wall Streets’ expectation of $16.8 billion, and the news sent shares up 4% in after-hours trading.
The company reported earnings of $995 million in the third quarter, a significant improvement from the $4.8 billion loss posted this time last year.
Disney+, which carried the company through the pandemic, grew to 116 million subscribers in the most recent quarter, exceeding the 112 million subscribers Wall Street analysts expected.
At the end of May, the company reported slower subscriber growth than expected, mostly because of increased vaccination rates and relaxed Covid regulations that got people out of the house again.
As Delta variant cases continue to surge, especially in Florida, it’s unclear how the company’s theme parks will be affected. Disneyland Paris in July began requiring guests to present proof of vaccination, a negative PCR test result or a positive antigen test proving they have already been infected with Covid before they can enter the park.