Disney’s fourth-quarter performance was mixed, with strength in streaming and theme parks offsetting weaker television networks and film performance. The Walt Disney Co. earned $1.31 billion, or 73 cents per share. Revenue fell short of estimates at $22.46 billion. Disney+ had a 3% increase in domestic paid subscribers, totaling 132 million overall.

Disney is working on a new licensing deal with YouTube after content blackout on YouTube TV. Operating income from linear networks dropped 21%. Disney+ and Hulu subscriptions totaled 196 million, up from 128 million in the third quarter. The Experiences division reported a 6% drop in revenue for Disney Entertainment, while revenue for parks climbed 6%.

The strong streaming results come after Disney saw subscription cancellations rise in September due to ABC briefly cancelling “Jimmy Kimmel Live!”. Disney will stop reporting the number of paid subscribers for Disney+ and Hulu starting in fiscal 2026. Disney continues to search for a successor to Bob Iger, with internal candidates including Jimmy Pitaro and Josh D’Amaro.

Disney’s direct-to-consumer business posted quarterly operating income of $352 million. The company anticipated a total increase of more than 10 million Disney+ and Hulu subscriptions in the fourth quarter. Disney will stop reporting subscriber numbers for Disney+ and Hulu starting in fiscal 2026. Bob Iger agreed to a contract extension through the end of 2026.

Read more at Yahoo Finance: Disney streaming and parks shine in fourth quarter, but some TV networks, movies weaker