Big profits: People strolling along Main Street at the Magic Kingdom theme park in Walt Disney World. The theme-park comeback is a boon for Disney’s results in the recent quarter. — AP
LOS ANGELES: 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.
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