‘Inside Out 2’, ‘Deadpool & Wolverine’ Buoy Disney Quarter As Streaming Profits Grow, Disney+ Ads 4.4 Million Subscribers
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deadline.comDisney’s latest quarter was mixed but solid with a big upswing in studio profit led by Deadpool & Wolverine and Inside Out 2.
At a complex time for media and a company with many moving parts, streaming was in the black and domestic theme parks saw operating income rise.
All in, Disney’s fiscal fourth quarter ended in September saw revenue rise 6% from the year before to about $22.57 billion, beating Wall Street forecasts, and operating income grew 23% to $3.65 billion.
The stock is up over 6% premarket trade after the numbers. Entertainment, which houses content, streaming and linear television, saw operating income surge to $1.1 billion from $236 million on revenue up 14% at $10.8 billion.
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