The results show that a turnaround started by Iger was paying off. Since he returned, Disney has cut back on original content for its streaming service after a spending spree under predecessor Bob Chapek that led to streaming quarterly losses of $1.5 billion in November 2022.

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 streaming profit and studio are bright spots, while income from cable and theme parks declines.

On Thursday, Disney CEO Bob Iger messed up during his company’s fiscal Q4 earnings conference call. Fortunately, what Iger said on a hot mic was not nearly as bad as it could have been — but it did highlight the secrecy of some information he gave out moments earlier.

Two years after Disney Plus' ads tier was introduced, only a third of its users are signed up to it – but it's a higher percentage than Netflix's.

Disney CEO Bob Iger had a hot-mic moment during the company's fourth quarter earnings call for 2024 on Thursday after revealing that around 60% of new streaming subscribers are purchasing ad-supported plans,