Disney's Big Quarter: How Movies and Streaming Are Boosting Profits

Disney's latest financial report showed a mixed but strong performance, with a significant boost from their movie studio. The fourth quarter of the fiscal year, ending in September, saw a 6% increase in revenue, reaching around $22. 57 billion. This beat Wall Street's expectations. The star performers were "Deadpool & Wolverine" and "Inside Out 2, " which broke several box office records. The Entertainment division, which includes content, streaming, and television, saw a big jump in operating income to $1. 1 billion from $236 million. Revenue was up 14% to $10. 8 billion. Disney's streaming services also improved, ending the quarter with 174 million Disney+ and Hulu subscribers. Streaming swung to a profit of $253 million, compared to a loss the previous year.CEO Bob Iger highlighted the company's focus on quality, innovation, and efficiency. He mentioned the record-breaking 60 Emmy Awards and the power of live sports. The company also announced new projects for their Experiences segment. Theme parks in the U. S. saw higher guest spending, but international parks had a decline. Disney is also preparing for the launch of ESPN+ as a standalone streaming service in 2025. The company is looking for a new CEO, with Iger's contract expiring at the end of 2026.