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See the full story · 5 sourcesJosh D'Amaro, who became Disney's CEO in March, lauded staffers in a post-earnings memo. Jade GAO / AFP via Getty Images
Disney CEO Josh D'Amaro expressed his thanks to employees after a solid quarter.
D'Amaro also outlined his vision for AI and a streaming super app.
Read D'Amaro's full memo to staffers below.
Disney CEO Josh D'Amaro congratulated employees after a strong quarter — and outlined his plans for Disney+ and AI.
"Our performance reflects the strength of our businesses, the enduring power of our stories and brands, and, most importantly, the extraordinary work you do every day," D'Amaro said in a memo viewed by Business Insider.
D'Amaro shared his vision for Disney+ with staffers, which involves building a "super app" that he hopes will eventually include games and merchandise.
"Beyond our films and series, Disney+ will continue to evolve, bringing together games, merchandise, and other experiences, while offering increased personalization, exclusivity, and benefits for subscribers," D'Amaro wrote in his memo.
A supercharged Disney+ would "deepen engagement, improve the value proposition, lower churn, and — most importantly — increase lifetime fan value," D'Amaro wrote. These changes are expected to start next spring, he said.
D'Amaro also talked about his AI strategy , saying Disney is "leveraging AI to bring the most innovative tools to our storytellers."
The CEO reiterated that "AI isn't simply about efficiency — it's about enhancing a creative process that will always be human-centered, artist-driven, and creator-led."
Disney is also betting on creators with a new TikTok deal that will put curated user-generated content on Disney+.
The Mouse House satisfied Wall Street by reporting revenue growth of 7% and a 28% jump in adjusted diluted earnings per share in its June quarter. Streaming operating income more than doubled to $712 million, while Experiences operating income grew 20%.
Shares rose over 2% in early trading, though the stock is still down more than 14% in the last 12 months.
Read the full memo from D'Amaro below:
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