Shares of Disney surged 9% in early trading on Thursday following a solid quarterly earnings beat and upbeat long-term guidance. The company's ticker page was the number one most active on the Yahoo Finance platform.

The entertainment giant’s streaming services turned a profit as 60 percent of new subscribers are picking Disney Plus’ ad-supported plan.

Disney doesn’t foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.

The House of Mouse on Thursday released mixed fourth fiscal quarter results, with growth being driven primarily by its streaming business. The company’s traditional TV division continued to struggle.

As it searches for CEO Bob Iger’s successor, Disney’s streaming wins have done a lot to lift its profits—and its spirits.