Disney's Q4 Earnings Exceed Expectations With Boost From Blockbuster Hits 'Inside Out 2' And 'Deadpool & Wolverine' And Streaming Success

Benzinga 2024-11-14

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Disney reported fourth-quarter earnings that narrowly beat Wall Street estimates, driven by growth in its streaming and entertainment segments. Disney reported adjusted earnings per share and revenue above analyst expectations. Entertainment segment revenue was fueled by box office successes like “Inside Out 2” and “Deadpool & Wolverine,” boosting profits. Disney+ portfolio achieved $321 million in operating income, reversing last year's loss. Domestic Disney+ average revenue per user declined slightly due to a higher proportion of customers on lower-cost, ad-supported plans.

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