Disney reports a $460M profit, driven by streaming success and hit films, surpassing expectations.

Disney's fiscal Q4 results showed a profit of $460 million, surpassing Wall Street expectations, driven by its streaming services and hit films. CFO Hugh Johnston projects that streaming income will offset the decline in traditional TV revenue by fiscal 2025, with Disney+ subscribers increasingly opting for ad-supported plans. Despite a 6% revenue decline in traditional TV networks, Disney's direct-to-consumer business reported a $321 million operating income, marking a significant turnaround from previous losses.

November 14, 2024
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