Disney projects strong growth in earnings, buoyed by streaming profits and blockbuster films, as it navigates challenges in its theme park and sports divisions.
- Disney reported a 6% increase in fourth-quarter revenue, reaching $22.57 billion, surpassing Wall Street expectations.
- The company’s streaming services, including Disney+, Hulu and ESPN+, achieved profitability for the second consecutive quarter, contributing $321 million in operating profit.
- Blockbuster films like ‘Deadpool & Wolverine’ significantly boosted Disney’s entertainment segment, which saw operating income surge to $1.1 billion.
- Despite international challenges, Disney’s theme parks and experiences division maintained stable domestic performance but faced a 6% decline in operating income overall.
