Disney Beats Profit Estimates, Announces TikTok Partnership as Shares Rise

Disney is a big company that makes movies, cartoons, and runs theme parks.

Every few months, it tells everyone how much money it made.

This time, Disney made more money than many people expected it would.

That was because many families still wanted to visit its theme parks in America.

Its streaming service also kept more of its customers than before.

Disney said it will work together with TikTok, so people can make short videos using clips from Disney movies.

Good news like this made Disney's stock price go up a little.

But Disney did not make as much money as it did last year, mostly because last year's numbers got a special one-time tax boost.

Also, fewer people visited its parks in the Asian cities of Shanghai and Hong Kong.

Even so, Disney says it still plans to build a new theme park in Abu Dhabi.