Entertainment giant and leader in this industry area, Walt Disney Company is eventually coming out of a very difficult and critical financial period. Namely, during the crisis caused by the Covid-19 pandemic, all outdoor entertainment was forbidden. This strict measure directly impacted W. Disney Co, which operated with an extreme loss for three months.

Last week Disney reported its third-quarter results and they are well above the expected levels. 

As you can see from our infographic, Disney's Parks, Experiences and Products revenue beat analysts' estimates, and it rose four times in comparison to the previous year. This is one of the most impressive results shown by the report. 

The Disney report also smashed the analysts’ prediction in all the other categories. 
As shown on the infographic above, Adjusted earnings per share (EPS) came in well above analyst forecasts of $0.53 and reached $0.80. Disney's revenue also exceeded consensus estimates, rising 44.5% year over year (YOY). Revenue for the company's Parks, Experiences and Products segment also beat expectations and reached $4.3 billion.

Right after the report was made public, the company's shares jumped more than 5% in the after-hours trading. And the year over year stock price rose from $128.12 to $173.25.

In each of the previous five quarters, Disney has reported a loss in operating income in revenue at Disney’s parks, experiences and products segment because of the Covid-19 outbreak. During the third quarter, its operating income reached $356 million, compared with a loss of $1.87 billion during the same quarter last year.

As you can see, things are looking good for Disney thanks to the loosening of the Covid-19 measures and to the more diverse line of products and services. 

Disney's next earnings report is estimated to be released on November 10, 2021.