Crazy! Disney Earnings Big Surprise (DIS stock) (Disney Stock) | Dis Earnings Call

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Disney recently released its quarterly and full-year earnings report, and the results have come as a big surprise to many investors and analysts. Revenue in the fourth quarter of 2020 came in at .3 billion, a 24% increase year over year, and a 55% increase over the third quarter. Operating income increased by 86% year over year to .7 billion, and net income increased by 169% year over year to .6 billion.

The strong results come despite a difficult operational environment, as the pandemic had forced Disney to close its theme parks for much of 2020. The incredible results were driven by a combination of factors, including better performance in core businesses like streaming, parks, and studio entertainment, as well as the success of new streaming products like Disney+ and ESPN+.

The impressive results sent Disney stock soaring to a record-high of more than 0 per share following the earnings call. The stock is currently hovering near that all-time high as investors remain optimistic about the company’s ability to sustain stellar performance in 2021.

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