Disney's Strong Financial Results: Theme Parks & Streaming

Disneys Q4 results showcase resilience amidst economic challenges, with a 3% revenue increase to $94B and a 36% net profit jump to $10B. Theme parks, cruises, and merchandise division, Experiences, saw an 8% operating income rise to $10B, driven by strong park demand and a $4B Stitch merchandise bonanza. Streaming services delivered a $1.3B annual profit, while Disney plans to raise dividends by 50% and double stock buybacks, forecasting double-digit earnings growth for the coming year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.