Nov 14, 2024 - Economy
Disney's streaming business is humming
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Disney's streaming division posted a profit for the second straight quarter — and the second time ever — in a sign that the company's bid to diversify away from traditional TV is gaining momentum.
Why it matters: The company's streaming services — Disney+, Hulu and ESPN+ — have until recently been a drain on the bottom line.
By the numbers: Disney recorded operating income of $321 million in the streaming division in the period ending Sept. 28, up from a loss of $387 million in the comparable period a year earlier.
- The company recorded $47 million in operating income in the previous quarter.
- Total Disney+ Core subscribers increased 4% sequentially to 122.7 million, while total Hulu subs rose 2% to 52 million.
