Disney’s streaming business turned a profit for the first time

Category: Business

Disney's streaming business has achieved profitability for the first time, reporting a $47 million profit in Q3, a significant turnaround from a $512 million loss last year. Disney Plus and Hulu contributed to this success, while ESPN Plus continued to incur losses. Subscriber growth for Disney Plus and Hulu has been modest, with Disney Plus reaching 54.8 million subscribers and Hulu 51.1 million.

Keywords: Disney, streaming, profitability

Source: The Verge

Update At: 8/7/2024

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