Disney reported fiscal first-quarter earnings and revenue that beat Wall Street expectations, driven by strong performance at its theme parks, resorts, and cruise business.

The experiences segment generated more than $10 billion in quarterly revenue for the first time, with domestic park revenue up 7%, though international visitation remained softer.

Overall revenue rose 5% year over year to about $26 billion, while adjusted earnings came in at $1.63 per share.

The company forecast double-digit earnings growth, a $7 billion stock buyback, and improving profitability in its streaming business, despite modest growth expected in experiences due to higher costs, CNBC has reported.

Despite the strong results, Disney shares fell about 7% in early trading after the earnings release.