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Disney reported strong fiscal 2024 results, with Disney+ turning profitable and stock surging 14%.
Disney reported strong fiscal 2024 results with revenue up 3% and operating profit jumping 21%, driven by growth in streaming and experiences businesses.
Disney+ became profitable after five years, adding 4.4 million subscribers.
Despite positive results, analysts note concerns over the film business's post-pandemic performance and ESPN's stagnant growth.
Disney's stock has surged 14% to $111 per share, with analysts projecting high-single-digit growth for 2025 and double-digit gains through 2027.
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Disney reportó fuertes resultados fiscales de 2024, con Disney+ volviéndose rentable y aumentando las acciones en un 14%.