Net profit decreasedDisney” by 19 percent, to reach $564 million, due to allocations allocated for consumption and higher tax duties.
But adjusted earnings were $1.14 per share, higher than the $1.10 that analysts had expected.
In terms of revenues, Walt Disney benefited from the films “Deadpool and Wolverine” and “Vice Versa 2”, which achieved total revenues of three billion dollars at the global box office.
As a result, the content and licensing sales business saw its revenues jump by 39 percent year-on-year.
In total, Disney’s revenues reached $22.6 billion, achieving an increase of 6 percent, a result that exceeded expectations.
Online video was another growth engine for Disney, as its revenues increased by 15 percent year-on-year.
The number of Disney Plus subscribers increased by 4.4 million people compared to the numbers at the end of the previous quarter, and 122.7 million accounts now follow this platform.
The increase was noticeable at the global level (+5 percent), while it was smaller in North America (+2 percent).
After suffering a long deficit, Disney’s streaming service has become profitable.
In the fourth quarter, revenue per subscriber increased slightly (+1 percent), mainly due to global tariff hikes and advertising.
Investors commented positively on Disney’s results. The company’s share price rose during tradingYElectronically before the opening of the New York Stock Exchange, by 10 percent.
