Disney Earnings Beat Expectations, as Streaming Boosts Profits

Disney on Thursday reported fourth-quarter adjusted profits that surpassed Wall Street's expectations. Driven by strong performances from its entertainment division and streaming services, these results highlight the company's successful strategy in capitalizing on high-demand content and digital offerings.Disney posted earnings of $460 million, or 25 cents per share, for the quarter ending Sept.

This milestone highlights the company's progress in scaling its streaming operations and managing costs to drive financial gains in the competitive streaming market.Disney attributed the improved results in its direct-to-consumer growth in subscription revenue, driven by higher retail pricing and an expanding subscriber base. Additionally, advertising revenue rose, while marketing costs for Disney+ decreased, all contributing to the strengthened performance of its streaming business.

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