Disney sharply outperformed Wall Street's quarterly earnings estimates with results buoyed by the strong holiday box office performance.

Walt Disney Co. reported fiscal first-quarter results that topped analysts’ estimates, fueled by the blockbuster film Moana 2 and higher income from its streaming services.

Moana 2”—starring the voices of Auliʻi Cravalho and Dwayne “The Rock” Johnson—is still in theaters, but soon it will be available to watch at home.