Disney’s recent success at movie theatres helped offset a decline in operating income at the company’s Experiences and Sports divisions
reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8-billion. It also said it expects to buy back $3-billion worth of stock.
Revenue reached $22.6-billion, slightly ahead of Wall Street forecasts of $22.45-billion. Operating income rose 23 per cent from a year earlier to nearly $3.7-billion. Disney last month said it would name a new chief in early 2026. The new boss would replace Iger, who returned to the company to take the top job after the board fired his hand-picked CEO.
Disney+, Hulu and ESPN+ produced operating profit of $321-million for the quarter, marking the streaming services’ second straight quarter of profitability.
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