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Disney Earnings Surge Gives Boost to a CEO Finally on His Own

Subscribers to Disney+ increase by 11.8 million in quarter
Park revenue doubles from depressed levels during pandemic

WATCH: Disney CEO Chapek expects Disney+ subscriber growth to be “choppy” and says movies like “Encanto” prove the streaming service can build franchises.Source: Bloomberg

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By Christopher Palmeri

February 9, 2022 at 9:11 PM UTC

Updated on

February 10, 2022 at 12:40 AM UTC

Walt Disney Co. reported first-quarter sales, earnings and streaming-subscriber growth that handily beat analysts’ forecasts, giving a boost to a chief executive officer who’s finally out of the shadow of his predecessor.

Bob Chapek has been CEO of the world’s largest entertainment company for two years this month, but the current period is the first since the departure of longtime Disney leader Bob Iger, who retired as executive chairman in December.