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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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ReutersReuters

Walt Disney earnings beat market estimates; profit slips at parks

Walt Disney reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film "Inside Out 2", which helped overcome a profit decline at theme parks.

·United Kingdom
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Associated Press NewsAssociated Press News

Disney's streaming business is profitable, but U.S. park business slowing

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie

·United States
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abc Newsabc News

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.”

·United States
Read Full Article
KIFIKIFI

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

AP Business Writer Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters. Operating income for the entertainment segment nearly tripled to $1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments. The Walt Disney Co. said Wednesday that its direct-to-consumer business, wh…

·Idaho Falls, United States
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CNBCCNBC

Disney beats estimates as combined streaming services turn a profit

Disney beat estimates as its combined streaming businesses — Disney+, Hulu and ESPN+ — turned a profit for the first time.

·United States
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The HillThe Hill

Disney's streaming business is profitable for first time, but slowing US park business ups anxiety

Disney returned to a profitable third quarter as its combined streaming business started making money for the first time, along with a very strong showing in theaters for the movie “Inside Out 2.” Operating income for the entertainment segment, which includes its movie studio and parts of its television wing, nearly tripled to $1.2 billion. Disney's run at the box office continues with “ Deadpool & Wolverine, " giving the company the top two fi…

·Washington, United States
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