The Walt Disney Company announced on Wednesday that its revenue in the fourth quarter of the fiscal year 2023 saw an annual rise of 5% to come in at $21.24 billion, missing estimates. The brand's income from continuing operations more than doubled compared to the same trimester in 2022 and hit $1 billion. Meanwhile, its diluted earnings per share (EPS) jumped by 56% year-on-year to $0.14. The number of subscribers to Disney+ streaming platforms surpassed expectations and reached 150.2 million.
"As we look forward, there are four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of our film studios, and turbocharging growth in our parks and experiences business," Chief Executive Officer (CEO) Bob Iger commented.
Following the release of the report, Disney's shares went up by 1.56% in after-hours trading.
