the walt disney co blew away expectations for the holiday season producing a record revenue total and more than 1 billion in profit by adding more subscribers to disney and other streaming services than expected amid a rebound for theme parks disney dis reported fiscal firstquarter net income of 11 billion or 60 cents a share on sales of 2182 billion up from 1625 billion a year ago after adjusting for restructuring costs amortization and other effects the company reported earnings of 106 a share compared with adjusted earnings of 32 cents a share a year ago analysts surveyed by factset had expected adjusted net income of 74 cents a share on revenue of 2027 billion in its streaming efforts disney reported 1298 million disney subscribers adding 118 million from the previous quarter and 1964 million total streaming subscribers to services that also include espn and hulu analysts on average expected 1247 million disney subscribers and 1911 million total streaming customers according to factset shares fell rose nearly 9 in afterhours trading wednesday following the release of the results after rising 34 to 14731 in the regular session “this marks the final year of the walt disney company’s first century and performance like this coupled with our unmatched collection of assets and platforms creative capabilities and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years” disney chief executive bob chapek said in a statement announcing the results read more after ‘baptism by fire’ disney ceo looks for a rebound the results offered the latest chapter in a covidera narrative for disney which traversed the first year of the pandemic with its theme parks shut down and liveaction movies on hiatus by focusing on streaming efforts disney benefitted from a spike in viewership of its thennew disney streaming service until growth inevitably slowed but is hoping the other businesses will bounce back as streaming growth suffers with the omicron variant on the wane attendance at amusement parks and movie theaters are expected to rebound this year while disney expands to 50 more countries with a full slate of content from its marvel and star wars franchises disney breaks down its operations into two segments “media and entertainment distribution” that focuses on content and “parks experiences and products” in the first quarter the media business collected revenue of 1459 billion in total while analysts on average expected 1455 billion the directtoconsumer segment which also includes international products hauled in 47 billion in revenue while analysts forecast 48 billion on average the company’s television networks generated sales of 771 billion while analysts’ average estimate was 77 billion content sales and licensing led to revenue of 243 billion vs expectations of 227 billion disney’s theme parks and product sales segment reported 723 billion in revenue as attractions continued to reopen in the us and abroad a jump from 359 billion a year ago the average analyst estimate was 636 billion disney did not provide a forecast for the fiscal second quarter in wednesday’s results but executives tend to provide some forwardlooking color in their quarterly conference call which is scheduled for 430 pm eastern time disney’s results come nearly three weeks after streaming rival netflix inc nflx executives cautioned growth would suffer much more than expected at the beginning of 2022 sending shares down 20 disney which finished third among studios in academy award nominations 9 after netflix 27 and warner bros 16 also faces streaming competition from apple inc aapl  att inc t  amazoncom inc amzn and comcast corp cmcsa  disney stock has struggled so far this year fallingdisney 8 while the sp 500 index spx declined 5 and the dow jones industrial average djia which counts disney as a component dipped 2