Walt Disney Co (NYSE:DIS) shares are trading higher Thursday after the company reported better-than-expected financial results and strong streaming subscriber growth.

Disney said fiscal third-quarter revenue jumped 26% year-over-year to $21.5 billion, which beat average analyst estimates of $20.49 billion, according to data from Benzinga Pro. The company reported adjusted quarterly earnings of $1.09 per share, which beat average analyst estimates of $1 per share.

Disney said it added 14.4 million Disney+ subscribers in the third quarter, bringing total subscribers up to 152.1 million. The average monthly revenue per paid subscriber for domestic Disney+ decreased from $6.62 to $6.27 in the quarter. The average monthly revenue per paid subscriber for international Disney+ increased from $5.52 to $6.31.

Disney also said it had higher volumes and increased spending at its parks in the third quarter. 

"We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services," said Bob Chapek, CEO of Disney.

Related Link: Disney Q3 Earnings Highlights: Revenue And EPS Beat, 152.1 Million Disney+ Subscribers And More

Analyst Assessment: 

DIS Price Action: Disney has a 52-week high of $160.32 and a 52-week low of $90.23.

The stock was up 9.11% at $122.69 at press time, according to Benzinga Pro.

Photo: StockSnap from Pixabay.