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Disney (DIS) stock is seeing a drop in Wednesday trading after the multinational entertainment company beat estimates on its top and bottom lines. In its fiscal third quarter, Disney reported revenue of $23.2 billion ($23.1 billion expected) and adjusted earnings of $1.39 per share ($1.19 per share expected).

BofA Securities senior media and entertainment analyst Jessica Reif Ehrlich sits down with Julie Hyman and Josh Lipton to discuss the performance of Disney's film production, streaming, and theme park businesses, calling Disney's results "a mixed bag."

"Advertising was up over 8% across the company even with the linear decline. So it just goes to show you how strong the other parts of the business were," Reif Ehrlich tells Yahoo Finance. "So they had very solid double-digit growth in advertising and streaming. And also in sports. So those are two big drivers in the quarter they just announced."

Turning her attention to the parks division, Reif Ehrlich indicates pullbacks from US and Chinese consumers while Disney's other international parks, hotels, and cruise bookings continue to see activity.

Yahoo Finance spoke with Disney CFO Hugh Johnston earlier today, watch the full interview here.

Follow along with Yahoo Finance's coverage of Disney and its earnings print and theme park division:

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This post was written by Luke Carberry Mogan.