reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8-billion. It also said it expects to buy back $3-billion worth of stock.
Revenue reached $22.6-billion, slightly ahead of Wall Street forecasts of $22.45-billion. Operating income rose 23 per cent from a year earlier to nearly $3.7-billion. Disney last month said it would name a new chief in early 2026. The new boss would replace Iger, who returned to the company to take the top job after the board fired his hand-picked CEO.
Disney+, Hulu and ESPN+ produced operating profit of $321-million for the quarter, marking the streaming services’ second straight quarter of profitability.