Disney provided a bullish earnings outlook, highlighting growth in its streaming business as it pivots away from declining TV operations. The direct-to-consumer segment, including Disney+, Hulu, and ESPN+, posted a profit in the fourth quarter, driven by subscriber growth, price hikes, and ad-supported plans. Studio blockbusters, including "Inside Out 2" and "Deadpool & Wolverine," drove studio profits. Disney's Experiences division, including theme parks and cruises, saw income decline for the second consecutive quarter. The division remains a key profit driver, contributing over two-thirds of total operating income in some years.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Disney provided a bullish earnings outlook highlighting growth in its streaming business
00:06as it pivots away from declining TV operations.
00:09The direct-to-consumer segment, including Disney+, Hulu, and ESPN+,
00:13posted a profit in the fourth quarter driven by subscriber growth, price hikes, and ad-supported
00:18plans.
00:19Studio blockbusters, including Inside Out 2 and Deadpool and Wolverine, drove studio profits.
00:25Disney Experiences division, including theme parks and cruises,
00:28saw income decline for the second consecutive quarter.
00:31The division remains a key profit driver,
00:33contributing over two-thirds of total operating income in sub-years.