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.

November 18, 2024
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