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.

Overall, Disney's Experiences segment, which includes theme parks and Disney Cruise Line, saw a revenue increase of $0.1 billion, or 1%, in the fourth fiscal quarter. Operating income declined 6% to $1.7 billion, mainly attributed to cruise-related expenses and international softness in theme parks.

Walt Disney Co. saw streaming profits grow in the latest quarter, underscoring progress on the company’s effort to transform direct-to-consumer distribution, recently a loss-making endeavor, into a financial engine.