Disney’s streaming growth drives strong earnings

Disney’s fiscal Q4 earnings, released yesterday, showed strong growth. Revenue rose 6% to $22.6 billion, and net income grew 74% to $460 million. The company’s streaming business saw higher-than-expected gains. Disney+ added 4.4 million new subscribers, bringing the total to 120 million.

The growth helped push Disney’s direct-to-consumer segment into profitability, earning $321 million compared to a $387 million loss last year.

Meanwhile, its cable TV revenue from ABC, FX, Disney Channel, and more tumbled 38% to $498 million.

But the House of Mouse’s outlook remains positive, forecasting high single-digit earnings growth in 2025.

The company is also investing in its theme parks and planning a $3 billion stock buyback.