Disney Stock Jumps. Profit From Its Streaming Business Boosted Earnings.
November 13, 2024

Disney stock jumped early Thursday as the entertainment giant’s streaming business swung to a strong profit in its fiscal fourth quarter. Disney posted adjusted earnings of $1.14 per share on revenue of $22.6 billion. Disney’s direct-to-consumer streaming business posted an operating profit of $321 million in its fiscal fourth-quarter, up from a $387 million loss a year ago.