Disney hails 'momentum' as blockbusters boost profits
The Guardian|November 15, 2024
Disney is trying to roll the credits on its years-long battle to reassure Wall Street and Hollywood that it can dominate a new era of entertainment.
Callum Jones
Disney hails 'momentum' as blockbusters boost profits

Disney, which rarely issues guidance on future profits, told shareholders it expected an acceleration over the coming years, with "double-digit percentage growth" in adjusted earnings in 2026 and 2027.

Shares in Disney rallied more than 9% during pre-market trading on Wednesday after it beat analysts' expectations in the fourth quarter, with sales rising 6% to $22.6bn (£17.8bn).

It reported net income of $564m, down from $694m a year ago.

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