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.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boliden’s Q3 earnings beat market expectationsNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »

These 3 cyber stocks are likely to beat earnings expectations says JefferiesThese 3 cyber stocks are likely to beat earnings expectations says Jefferies
Source: Investingcom - 🏆 450. / 53 Read more »

HSBC announces $3 billion share buyback as third-quarter earnings beat expectationsThe bank reported third-quarter pre-tax profit of $8.5, a 10% rise compared to the $7.7 billion posted a year ago.
Source: CNBC - 🏆 12. / 72 Read more »

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectationsPre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.
Source: CNBC - 🏆 12. / 72 Read more »

HSBC shares tick up 4.5% as earnings beat expectations; European markets slightly higherEuropean markets reversed early gains Tuesday as traders in the region digested the latest slew of earnings reports.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

'Deadpool & Wolverine' helps Disney beat earnings forecasts'Deadpool & Wolverine' helps Disney beat earnings forecasts
Source: Investingcom - 🏆 450. / 53 Read more »