By tnsh20@gmail.com 
The entertainment giant’s blockbuster films provided a lifeline, cushioning the blow from declining revenue in its Experiences and Sports divisions.
Disney Earnings:
Disney reported earnings that exceeded analyst forecasts on Thursday, boosted by strong ticket sales for the summer blockbuster “Deadpool & Wolverine.” The company also offered an optimistic outlook for the next year.
The company’s stock soared 7.4% in pre-market trading, signaling strong investor confidence.
Disney’s bold investment strategy, including an $8 billion capital expenditure, is expected to fuel significant growth. The company’s projected high single-digit EPS growth for fiscal 2025, coupled with a $3 billion share repurchase program, demonstrates its commitment to shareholder value.
Disney announced last month that it will appoint a new CEO in early 2026, who will succeed Bob Iger.
Operating income for the Entertainment unit, which encompasses film, television, and streaming, experienced substantial growth, more than doubling to $1.1 billion in the quarter. This significant increase was primarily attributed to the successful return of Hulu’s Emmy-nominated comedy series “Only Murders in the Building” and the strong performance of summer blockbuster films.
Disney+ continues to expand its global footprint, adding 4.4 million subscribers outside of India in the latest quarter. The company’s aggressive crackdown on password sharing has contributed to this subscriber growth.