Disney's Big Q4 Wins: Streaming, Cinema, and Parks

It was a big day for Disney, with its latest earnings report showing impressive growth in streaming, blockbuster summer movies, and investments in its theme parks. The company’s earnings from the fourth quarter of fiscal 2024 surpassed analyst expectations, driven largely by the streaming business which saw a significant boost in profitability. Disney+, the streaming giant, has turned a corner from annual losses to profitability. Meanwhile, Disney's return to box office success with hits like "Inside Out 2" and "Deadpool & Wolverine" brought in over $300 million in profit. The theme parks are also getting a lot of love, with investments aiming to enhance visitor experiences. Disney's Chief Financial Officer, Hugh Johnston, highlighted these improvements and the company's optimistic outlook for the coming years, predicting solid growth in earnings per share. Despite a challenging media landscape, Disney seems to be on the right track with its restructuring plans under CEO Bob Iger.