Disney provided a bullish earnings outlook, highlighting growth in its streaming business as it pivots away from declining TV operations. The direct-to-consumer segment, including Disney+, Hulu, and ESPN+, posted a profit in the fourth quarter, driven by subscriber growth, price hikes, and ad-supported plans. Studio blockbusters, including "Inside Out 2" and "Deadpool & Wolverine," drove studio profits. Disney's Experiences division, including theme parks and cruises, saw income decline for the second consecutive quarter. The division remains a key profit driver, contributing over two-thirds of total operating income in some years.
