Disney’s latest quarter was mixed but solid with a big upswing in studio profit led by Deadpool & Wolverine and Inside Out 2, the top two movies of 2024 to date. At a complex time for media and a company with many moving parts, streaming was in the black and domestic theme parks saw operating income rise.
All in, Disney’s fiscal fourth quarter ended in September saw revenue rise 6% from the year before to about $22.57 billion, beating Wall Street forecasts, and operating income grew 23% to $3.65 billion.
The stock is up over 6% premarket trade after the numbers.
Entertainment, which houses content, streaming and linear television, saw operating income surge to $1.1 billion from $236 million on revenue up 14% at $10.8 billion. Pixar’s Inside Out 2 and Marvel’s Deadpool & Wolverine broke numerous box office records and helped drive $316 million in
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