Walt Disney stock is higher Thursday after the entertainment giant beat earnings expectations and issued a strong outlook.

The company’s long-term forecast buoys hopes that streaming can make strong profits while theme parks show resilience.

The company, which does not typically release guidance to investors, said that profit would jump over the next three years.

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Disney has targeted growth at its offerings like Disney+ and Hulu despite fierce competition among streaming video services.

Disney's fourth-quarter adjusted profit beat Wall Street's expectations, bolstered by strong results from company's entertainment business and its streaming service.