By Ben Glickman

Disney's global Disney+ streaming subscriber base was stable in the fiscal first quarter and its operating loss in its direct-to-consumer business narrowed. The entertainment company also announced a $1.5 billion deal for an equity stake in "Fortnite" video-game maker Epic Games and plans to stream a cut of Taylor Swift's Eras Tour concert movie. Shares rise 6.2% to $105.26 after-hours.

Confluent issued 2024 revenue guidance ahead of Wall Street's expectations after the company's revenue rose sharply again in the fourth quarter. Finance chief Rohan Sivaram said the company is expecting its first breakeven year in terms of adjusted operating margin and free cash flow margin. Shares rise 19% to $28.95 after-hours.

Blue Bird's fiscal first-quarter sales increased about 35%, topping analysts estimates with the help of higher selling prices and more units. The electric school bus maker lifted its guidance for adjusted Ebitda, or earnings before interest, tax, depreciation and amortization and swung to a profit. Shares rise 12% to $34.90 after-hours.

Write to Ben Glickman at

(END) Dow Jones Newswires

02-07-24 1916ET