11:11 AM EDT, 05/07/2025 (MT Newswires) -- Walt Disney ( DIS ) reported solid fiscal Q2 results with revenue and operating income above BofA Securities' estimates, the investment firm said in a research note Wednesday.

BofA highlighted the fact that Disney's ( DIS ) adjusted EPS of $1.45 was "well above" their estimate of $1.25, while free cash flow of $4.9 billion also significantly beat the $2.3 billion estimate.

Disney ( DIS ) also lifted its 2025 guidance to 16% adjusted EPS growth from the previous outlook of high single digit adjusted EPS growth, which is "encouraging considering recent macro volatility," BofA said.

The investment firm also noted that Disney ( DIS ) now expects a "modest increase" in Disney+ subscribers for fiscal Q3 compared with Q2.

BofA has a buy rating on Disney ( DIS ) and $140 price target.

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