Disney CEO Josh D’Amaro reports strong theme park performance

Disney CEO Josh D’Amaro reported that the company’s parks division was a “big surprise” during the last quarter, contributing to a sense of clarity and stability within the organization. D’Amaro, who succeeded Bob Iger in March, noted that the company is meeting its delivery goals despite a mixed reception from Wall Street and a stock price that has declined more than 8% over the last 12 months.

While the theme park segment has shown strength, the company faces macroeconomic uncertainties and has undergone recent cost-cutting measures, including layoffs in the ESPN, Pixar, and National Geographic divisions. To drive growth, Disney is evaluating an ad-supported free streaming tier for Disney+ and continues to focus on investments in intellectual property and creative assets.

Additionally, the company is facing regulatory scrutiny from the U.S. Federal Communications Commission (FCC), which has opened an early review of ABC’s broadcasting licenses following questions regarding diversity and inclusion policies.