Disney Q4 Results 2023; 5% and 7% growth in revenues

In this article, we will talk about the Disney Q4 Results. The Walt Disney Company is an American multinational mass media and entertainment conglomerate. This company is better known as Disney and it’s headquartered at the Walt Disney Studios complex in Burbank, California. Walt Disney’s fourth-quarter revenues beat analysts ‘Wall Street’s earning expectations led by more heightened attendance at its Shanghai and Hong Kong theme parks. Lots of people are searching for Disney’s name on the internet as they are super curious to know about Walt Disney’s Q4 results. Here we have more information about the news and we will share it with you in this article.

Disney Increased Streaming Charges Of Disney+ And Hulu By 27%

Disney Q4 Results 2023

Walt Disney’s share cost increased 3% in after-hours trading to $87.14 on Wednesday after the entertainment firm’s better-than-expected results and declaration of cutting an extra $2 billion in expenses. Walt Disney noted adjusted per-share profits of 82 cents for the fiscal fourth quarter finished 30 September, topping an intermediate forecast of 70 cents, as per the LSEG data. The firm’s quarterly earning of $21.2 billion was mostly in line with consensus estimations, Reuters reported. You are on the correct page for getting more information about the news, so read the complete article.

Disney states it is on its way to achieving $7.5 billion in annualized savings, as it aggressively manages costs. In a call with investors, Chief Executive Officer Bob Lager stated the added cost-cutting will move Disney from “an era of fixing to an era of construction.”The firm also prepares to ask its board to reinstate compensation costs to shareholders through the end of 2023, Interim Chief Financial Officer Kevin Lansberry expressed. The company also added close to 7 million Disney streaming subscribers in the quarter, with h the inclusion of “Guardians of the Galaxy Vol. 3″ and the original series “Star Wars: Ahsoka.”. Swipe up the next page for more information about the news.

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Disney Hotstar and Disney together boast 150.2 million subscribers, ahead of Visible Alpha’s estimate of 147.4 million, Reuters noted. Iger said in a statement. “ Our results this quarter reflect the important progress we have made over the past year,” “While we still have work to do, these efforts have permitted us to move beyond this period of fixing and building our businesses again.”Here we have shared all the information that we had if we get any information then we will update you as soon as possible. Stay connected with us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.