There were some oversized expectations for the animated film but "Moana 2", originally intended as a series for the company's streaming service before it was produced for the big screen — blew predictions out of the water. Its five-day opening set a new record for Thanksgiving moviegoing.

The Walt Disney Co. toppled Wall Street expectations in its latest quarter, with the company’s entertainment division and streaming business leading the charge. Disney reported revenue of $24.7 billion in its fiscal Q1,