Disney offered a bullish earnings outlook for the coming years and its streaming business showed healthy growth in both profits and new customers, signs that the company’s shift away from its rapidly-declining TV business is gaining momentum.

Revenue for Disney’s experiences segment for the quarter ending Sept. 28 was $8.24 billion, and increase of 1%. For the fiscal year ending Sept. 28, its revenue was $34.15 billion, up 5%. The increases were driven by higher guest spending, partially offset by higher expenses and costs attached to new offerings from the cruise line.

Disney on Thursday reported fourth-quarter adjusted profits that surpassed Wall Street's expectations. Driven by strong performances from its entertainment division and streaming services, these results highlight the company's successful strategy in capitalizing on high-demand content and digital offerings.

The biggest problem with Disney was the lack of clarity on how things were going to find out, you know, in fiscal 2025 and obviously in the future. And with them kind of giving us that detail line by line item kind of guidance,

Walt Disney Co. saw streaming profits grow in the latest quarter, underscoring progress on the company’s effort to transform direct-to-consumer distribution, recently a loss-making endeavor, into a financial engine.

Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from company’s entertainment business and its streaming service