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6 Dec 2024, Fri

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 earnings

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.

By tnsh20@gmail.com

A digital storyteller, weaving tales of innovation and influence. I dive deep into the ever-evolving digital landscape, uncovering the latest trends and transforming them into captivating content.

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