Disney (DIS)'s fourth-quarte🔜r fiscal 2023 earnings beat analyst predictions as the company saw robust subscription growth, narrower losses in its streaming segment and a booming theme park business.

Diluted earnings per share (EPS) from continuing operations was 14 cents a share. Excluding certain adjustments, diluted EPS was 82 cents per share, much better than the 74 cents per share that analysts polled by Visible Alpha expected. Revenue also increased—by 5% YOY to $21.24 billion—just a shade under $21.33 billion than predicted.

Investors have watched the subscriber base for its Disney+ streaming service as one sign of the company's broader health. After four consecutive quarters of losing subscribers, total Disney+ subscribers including those from India's Hotstar streaming platform grew to 150.2 million as Disney+ added 7 million paid users in the quarter. But the platform still trails behind streaming rivals including Netflix (NFLX) and Amazon (AMZN).

In October, Disney joined other streamers in increasing the price of its monthly Disney+ subscription, the second such increase within the year. On a positive note, Disney said that streaming losses narrowed to $420 million, down 70% compared with losses of $1.4 billion for the year-ago quarter.

Disney's sports segment, which houses ESPN, posted a 15% increase in operating income year-over-year, driven primarily by strong results in the U.S. ESPN revenue also grew by about 1% to $3.45 billion. Disney 澳洲幸运5开奖号码历史查询:may be exploring a𓆉 stake sale⛄ in ESPN and some analysts have speculated that Apple (AAPL) or Amazon could be good a fit.

The company's revenue from parks and experiences business segment grew 13%. Though domestic park results took a hit from the closure of the Star Wars attraction at Disney World, it was offset by the gains at the company's international park locations that saw higher average ticket spending.

Shares of Disney rose about 3% in after-hours trading, but are down roughly 5% year-to-d꧅ate.