Disneyland Paris contributed to over half of Disney’s profits last quarter, despite the company’s stock dropping 8% in early trading. Revenues remained flat at $22.46 billion, falling short of expectations. Disney plans to double share repurchases, increase dividends, and focus on growing its streaming service to engage fans and boost profits. Subscription numbers for Disney+ and Hulu rose by 12.4 million, with expectations of streaming profitability to increase to 10% this fiscal year. Disney’s parks and experiences segment saw a 13% increase in operating income, with growth driven by overseas theme parks like Disneyland Paris and the cruise line business. Despite challenges in the TV business and box office revenue, Disney remains optimistic about upcoming releases like “Zootopia 2” and “Avatar: Fire and Ash.”

Read more at Yahoo Finance: Disney Stock Drops as Revenue Disappoints