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    Disney reports sharp profit growth in the 4th quarter

    By SHOOTUpdated:1 Comment727 Views
    In this Nov. 13, 2019, photo, a Disney logo forms part of a menu for the Disney Plus movie and entertainment streaming service on a computer screen in Walpole, Mass. Disney reports earnings on Wednesday, Nov. 8, 2023. (AP Photo/Steven Senne, File)

    By David Hamilton

    SAN FRANCISCO (AP) --

    Walt Disney Co. reported sharp profit growth for its fiscal fourth quarter, exceeding analyst expectations and sending its shares up more than 3% in after-hours trading.

    Disney said diluted net income attributable to the company jumped 63% to $264 million in the quarter that ended September 30, up from $162 million a year earlier. Diluted earnings per share, which excludes items largely related to the amortization of Disney's acquisitions of 21st Century Fox and Hulu, more than doubled to 82 cents in the quarter from 30 cents a year earlier. That exceeded analyst expectations of 71 cents, according to FactSet.

    Disney shares rose more than 3% in after hours trading to $87.23.

    Revenue for the quarter rose 5.4% to $21.24 billion, up from $20.15 billion. The company credited cost-cutting and other efficiencies from restructuring as well as continued subscription growth in its streaming business and a 30% increase in operating income from its parks and similar "experiences" compared to the prior year.

    In a call with analysts, CEO Bob Iger said the company's focus on cost-cutting has led it to raise its annualized target for efficiency improvements to $7.5 billion from $5.5 billion previously.

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    Tags:Bob IgerHuluWalt Disney Co.



    Sphere taking shape in National Harbor

    Monday, January 19, 2026
    Artist rendering of Sphere National Harbor (photo from Sphere Entertainment and Peterson Companies)

    Sphere Entertainment Co. (NYSE: SPHR), the State of Maryland, Prince George’s County, and Peterson Companies have revealed their intent to develop a new Sphere venue--which would be the second in the U.S. and first to utilize a smaller-scale design model--at National Harbor, a premier destination in the Washington, D.C. metropolitan area. The addition of Sphere would create a new Maryland landmark that drives significant economic, cultural and community benefits for the County, State, and region, and provides unparalleled immersive experiences powered by advanced technologies. “Our focus has always been on creating a global network of Spheres across forward-looking cities,” said James L. Dolan, executive chairman and CEO, Sphere Entertainment. “Sphere is a new experiential medium. With a commitment to bringing innovative opportunities to residents and visitors, Governor Moore, County Executive Braveboy, the State of Maryland, and Prince George’s County recognize the potential for a Sphere at National Harbor to elevate and advance immersive experiences across the area.” “Maryland has a long history of providing world-class entertainment and we could not be more excited to work with Sphere Entertainment to bring this cutting-edge project to life,” said Governor Wes Moore. “This will be one of the largest economic development projects in Prince George’s County history--proving once again our state is the best place in the country to bring dreams to life. We’re excited for what this means for our people, and how it will showcase the best of what Maryland has to offer to everyone who visits.” “This is a world-class win and an incredibly exciting moment for Prince George’s County. This achievement reflects the strong partnership we have... Read More

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