Disney owns so many global brands, in-person experiences, characters and storylines that when one asset falters, another offsets the loss. The company beat analysts' expectations, with revenues for the quarter and the year growing 5% and 7%, respectively. Disney+ is still not profitable but losing a lot less. This time last year, the streaming service lost nearly $1.5 billion. This past quarter, it lost just $387 million. "Who would have thought in any sort of business we would be celebrating a loss of just $387 million," jokes Brandon Katz, an entertainment industry strategist for Parrot Analytics.
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