Disney reported significant progress toward making its popular but money-losing streaming services profitable.
Nearly a year after Bob Iger made his dramatic return to lead Walt Disney Co., the chief executive says the world's best-known entertainment company is ready to build its business again after a long period of 'fixing' what had gone wrong in his absence. On Wednesday, the company reported significant progress toward making its popular but money-losing streaming services profitable, as it continues the awkward transition from linear television to direct-to-consumer apps.
. Free cash flow surged to $4.9 billion during the full fiscal year, compared with $1.06 billion in 2022. And yet Iger continues to face pressure from an well-known activist investor, who is restarting a proxy fight against the company.
's fourth quarter revenue was $3.8 billion, up 1% from a year ago, while operating income jumped 15% to $953 million due to lower costs and an increase in revenue from brand.' Iger, in his statement, cited 'building
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