Disney returns to profit in third quarter as streaming business starts making money for first time

Category: Business

Disney reported a profitable third quarter with a significant increase in operating income, driven by its streaming business and the success of Inside Out 2. The company achieved profitability in its combined streaming services for the first time, while revenue rose 4% to $23.16 billion. Despite challenges in domestic parks, Disney anticipates continued growth in adjusted earnings per share.

Keywords: Disney, Streaming, Inside Out 2

Source: AP News

Update At: 8/7/2024

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