Disney's third-quarter earnings exceed expectations: Theme parks and streaming media show impressive growth, while film and television businesses are under pressure.

Disney announced that its third-quarter earnings exceeded expectations, with continued growth in its theme parks and streaming business overshadowing the challenges faced by its movie and traditional TV businesses. In a statement, Disney said that revenue increased by 2.1% to $23.7 billion for the quarter ending on June 28, in line with expectations. During this quarter, the theme parks division saw a revenue growth of 13% to $2.52 billion, with an 8% increase in overall revenue. The streaming business achieved a quarterly profit of $346 million, while traditional entertainment TV revenue decreased by 28% and Disney's movie studio experienced losses. In June, against the backdrop of a contraction in the entertainment industry overall, Disney laid off hundreds of employees in its movie and TV business divisions.