Disney Reports Strong Earnings, Stock Rises 10%

Walt Disney Company reported better-than-expected earnings for its fourth fiscal quarter, with revenues rising 6% to $22.57 billion and a significant profit forecast for its streaming division, projecting over $1 billion for the 2025 fiscal year. The company's adjusted earnings per share reached $1.14, surpassing analyst expectations, while the stock surged nearly 10% in response. Disney+ and its other streaming services, for the first time, reported a profit, benefiting from a strong content pipeline and subscriber growth, adding 4.4 million new subscribers in the quarter. Despite these gains, Disney's overall income before taxes saw a decline due to increased restructuring and impairment charges. CEO Bob Iger noted that the company does not currently need additional assets for growth, emphasizing a focus on existing strengths in content and distribution. Overall, the positive earnings report reflects Disney's successful adaptation in a challenging media landscape.