Disney’s (DIS) fiscal second quarter results beat expectations on Wednesday, marking a strong start under new CEO Josh D'Amaro, who took the reins on March 18.

For the quarter, Disney reported adjusted earnings per share of $1.57, above the Street’s forecasts of $1.51. Revenue grew by 7% to $25.2 billion, ahead of expectations for $24.8 billion, according to Bloomberg data. Total operating income for the company totaled $4.6 billion in the quarter, an increase from $4.4 billion a year ago.

Disney stock rose 6% in midday trading.

Revenue for Disney’s experiences division, which includes its parks and cruise businesses and was formerly led by D’Amaro before he became CEO, fell to $9.5 billion from a record $10 billion in the first quarter. The decline was driven by a 1% decrease in attendance at its US parks, even as spending per customer on admissions, food, and merchandise increased 5% in the quarter.

As gasoline prices surpassed $4.50 this week, according to AAA, Disney CFO Hugh Johnston told investors that Disney hasn’t seen “any change in consumer behavior” or forward bookings from higher fuel prices.

He did note that the company is “mindful of the macro uncertainty consumers are facing” and that the brand is “not immune to the impacts,” especially if fuel prices go higher.

Yet, the company said current demand is strong for its US parks and that it expects attendance to improve in the third quarter compared to last year, as it’s beginning to lap softness in international visitor traffic to its US parks and the opening of NBCUniversal’s park, Epic Universe.

In 2026, the company expects adjusted earnings growth of 12% and is targeting at least $8 billion in share repurchases. It also expects third quarter operating income of roughly $5.3 billion. In 2027, Disney expects double-digit adjusted earnings growth.

The company's sports unit reported a 5% drop in operating income year over year due to higher sports rights and marketing costs. Revenue for Disney's sports unit rose 2% year over year to $4.61 billion, boosted by a deal with the NFL announced in January.

This quarter, the company invested in ESPN, which Johnston called “an important contributor to our distribution portfolio.”

Revenue in Disney's entertainment division, which includes its film studio, rose 10% to $11.72 billion. Within that unit, Disney reported that revenue from its streaming business rose 13%.

In his first quarterly report as Disney CEO, D’Amaro took the opportunity to lay out a long-term strategy, which includes three pillars: investing in intellectual property like “Zootopia,” reaching more consumers, and “using advanced technologies to power our storytelling and increase monetization and returns.”

D’Amaro said “Zootopia 2” brought in $1.9 billion at the global box office and surpassed 1 billion hours streamed on Disney+.

It’s worth noting that after Disney executives said that they would reevaluate their investment in OpenAI (OPAI.PVT) after the artificial intelligence startup shut down its AI video-generation tool, Sora. In December, Disney and OpenAI reached a deal to generate short videos featuring Disney characters using the tool.

“As widely reported, OpenAI opted to shut down Sora, and as a result we will not proceed with our previously planned investment in the company,” the company said. “We continue to explore potential commercial opportunities with OpenAI and others.”

Brooke DiPalma is a reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@yahoofinance.com.

Click here for all of the latest retail stock news and events to better inform your investing strategy