Earnings

Here’s why investors are so excited about Disney’s quarterly results

The Mickey Mouse and Minnie Mouse float passes by during the daily Festival of Fantasy Parade at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. 

Gary Hershorn | Corbis News | Getty Images

Disney is back.

After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger’s turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year.

  • Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts, according to estimates compiled by LSEG.
  • Adjusted earnings per share (EPS) jumped 39% year over year to $1.14, outpacing the $1.10 estimate, LSEG data showed.

Shares of Disney popped 10% on the results.

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