Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024.

Disney on Thursday reported fourth-quarter adjusted profits that surpassed Wall Street's expectations. Driven by strong performances from its entertainment division and streaming services, these results highlight the company's successful strategy in capitalizing on high-demand content and digital offerings.

Disney offered a bullish earnings outlook for the coming years and its streaming business showed healthy growth in both profits and new customers, signs that the company’s shift away from its rapidly-declining TV business is gaining momentum.

Disney CEO Bob Iger, previously a vocal Trump critic, has been quiet on the election, but the company still faces legal and political risks.

Disney CEO Bob Iger adopted a trading plan to exercise options granted 10 years ago, currently worth more than $40 million. According to Disney’s 10-K filing Thursday with the SEC, on Aug. 14, Iger adopted a trading plan that provides for the potential exercise of 372,