Disney returns to profit in third quarter as streaming business starts making money for first time
- Disney returned to a profitable third quarter as its combined streaming business made money for the first time, with the movie Inside Out 2 performing well in theaters.
- The combined streaming businesses, including Disney+, Hulu, and ESPN+, achieved profitability for the first time due to a strong performance from ESPN+ and the direct-to-consumer unit.
- Operating income for Disney's entertainment segment nearly tripled to $1 million this quarter.
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Leaning Left12Leaning Right2Center10Last UpdatedBias Distribution50% Left
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C 42%
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