Disney Q2 EPS Up 20% with Disneyland Abu Dhabi Plans; Lyft Shares Jump 28% on $750M Buyback and 16th Quarter Booking Growth

Disney reported a strong second quarter driven by robust performance in its theme parks and streaming businesses, with adjusted earnings per share rising 20% year-over-year despite macroeconomic challenges. The company announced plans for Disneyland Abu Dhabi, highlighting its global expansion strategy. However, Disney's traditional television segment, including ABC and cable networks, saw a 13% decline in revenue to $2.4 billion, although operating profit increased slightly by 2% to $769 million due to programming cutbacks. ESPN experienced a 32% increase in viewers, contributing to the entertainment segment's growth. Meanwhile, Lyft's shares surged over 28% following the announcement of a $750 million buyback program and continued strong bookings growth, marking the 16th consecutive quarter of double-digit booking increases. Lyft's CEO indicated no current concerns about consumer demand despite broader economic headwinds.