Shares of The Walt Disney Company surged Thursday as fourth-quarter revenue and adjusted profit topped analysts' estimates and the entertainment giant laid out initial projections for the next three fiscal years.

Disney ended its 2024 fiscal year with 122.7 million Disney+ Core paid subscribers, a gain of 4.4 million subs in the September quarter.

The biggest problem with Disney was the lack of clarity on how things were going to find out, you know, in fiscal 2025 and obviously in the future. And with them kind of giving us that detail line by line item kind of guidance,