Disney Earnings Beat Expectations, as Streaming Boosts Profits [Video]

Disney on Thursday reported fourth-quarter adjusted profits that surpassed Wall Street’s expectations. Driven by strong performances from its entertainment division and streaming services, these results highlight the company’s successful strategy in capitalizing on high-demand content and digital offerings.

Disney posted earnings of $460 million, or 25 cents per share, for the quarter ending Sept. 28, a significant increase from the $264 million, or 14 cents per share, it earned during the same period last year.

How Much Are Disney Shares Worth?

Excluding certain items, Disney‘s earnings reached $1.14 per share, surpassing the $1.09 per share expected by analysts surveyed by Zacks Investment Research. Following the report, shares rose nearly seven percent in pre-market trading on Thursday. Revenue increased by six percent to $22.57 billion, slightly under Wall Street’s estimate of $22.59 billion, reflecting solid growth despite a minor shortfall.