There was a lot for investors to like about Disney's (NYSE: DIS ) first-quarter earnings results. The big news, of course, was the blowout success of Frozen, which helped the entertainment giant's studio arm more than double its profits on a 35% boost in sales.
But, as Fool contributor Demitrios Kalogeropoulos argues in the following video, there was even better news for investors willing to dig a little deeper into the earnings report. As an example, he highlights Disney's booming parks and resorts business, which booked strong sales and profit growth despite a calendar shift that lopped the Easter holiday off this year's results. Shareholders should be more excited about that division's long-run earnings potential, he says, given its ability to kick in consistent revenue and earnings gains.
Profit from this shift
Disney's media business is massive, which makes it a key player in the shift that's rewriting the rules for the cable industry. At stake is $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.