Disney has come a long way in a year. That will likely make life a little harder for those trying to break into the Mouse House.
The entertainment giant’s fiscal fourth-quarter results late Wednesday generally came in ahead of Wall Street’s expectations, especially in key areas such as streaming subscribers, theme park revenue and operating income. All soundly beat Wall Street’s targets—especially the 6.9 million net new subscribers added to the core Disney+ service during the September quarter, which was more than double the number analysts expected. Disney’s shares rose more than 3% in after-hours trading following the results.
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