Disney Results

Disney exceeded most expectations in the second quarter due to strength in its streaming service and strong spending at U.S. theme parks that offset weak international tourism. The company warned early this year that its theme parks division would likely see modest growth due in part to declining tourism from abroad. International tourism in the U.S. has waned for a number of reasons after President Donald Trump’s return to the White House, including tariffs, a crackdown on immigrants, and repeated jabs at allied nations. Overall attendance at U.S. parks declined 1% from the same time last year due to declining international tourism. Still, the company reported strong domestic spending at parks.