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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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Disney reported fourth quarter earnings that nearly beat Wall Street estimates,
00:05driven by growth in its streaming and entertainment segments.
00:08Disney reported adjusted earnings per share in revenue above analysts' expectations.
00:13Entertainment segment revenue was fueled by box office successes
00:17like Inside Out 2 and Deadpool and Wolverine, boosting profits.
00:21Disney Plus portfolio achieved $321 million in operating income, reversing last year's loss.
00:28Domestic Disney Plus average revenue per user declined slightly
00:32due to a higher proportion of customers on lower-cost, ad-supported plans.
00:36For all things money, visit Benzinga.com slash GSTV.