Disney CEO Josh D’Amaro just showed employees appreciation after a strong earnings report.
“The results we reported are not just numbers on a page — they are a direct reflection of your hard work, creativity, and the way you deliver for our fans every single day,” D’Amaro told employees on Wednesday morning in a memo obtained by Business Insider.
In his memo, D’Amaro named four top priorities:
- Investing in the breakthrough creative storytelling that sets Disney apart
- Strengthening our streaming business through product and technology innovation
- Fully capturing the power of live sports as we continue building ESPN’s direct-to-consumer business
- Delivering on our bold growth plans at Disney Experiences
“I’m grateful for the passion, resilience, and optimism you bring to your work, and I’m energized by the opportunities in front of us as we lay the groundwork for Disney’s next phase of growth,” D’Amaro told staffers.
The Mouse House reported 7% revenue growth and an 8% jump in adjusted earnings per share. Shares rose over 7% in early trading.
Disney’s earnings report came after a turbulent few weeks for the company.
The Mouse House conducted a significant round of layoffs in mid-April, weeks after D’Amaro took charge. Those affected received severance pay based on their seniority and time at the company, Business Insider reported.
Two weeks later, Disney told some tech employees it was cutting their stock-based compensation, citing “marketplace analysis” of pay, Business Insider reported.
D’Amaro has also had to deal with the FCC ordering a years-early renewal of ABC’s broadcast licenses after a Jimmy Kimmel joke about Melania Trump, OpenAI nixing its Disney deal, and a controversy with “The Bachelorette” lead Taylor Frankie Paul.
Read D’Amaro’s full memo to the Mouse House rank-and-file here:
Read the original article on Business Insider
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