Disney's Streaming Business Finally Turns a Profit

Third-Quarter Earnings Signal Growth

The Walt Disney Company has finally turned a profit in its streaming business. In its Q3 earnings results released on Wednesday, the company reported a profit of $1.3 billion from its streaming services, Disney+ and ESPN+, combined.

This marks a significant milestone for Disney, which has been investing heavily in its streaming business in recent years. The company has spent billions of dollars on content, production, and marketing for its streaming services, and it has been patiently waiting for them to become profitable.

The profit from Disney's streaming business is a sign that the company's strategy is starting to pay off. Disney+ has been a major success, with over 153 million subscribers worldwide. ESPN+ has also been growing steadily, with over 8.5 million subscribers.

Expansion and Growth

The company's streaming business is expected to continue to grow in the years to come. Disney has a number of new streaming services in the works, including Hulu+, which will launch in 2023.

Disney's streaming business is a major threat to other streaming services, such as Netflix and Amazon Prime Video. Disney has a strong brand, a large library of content, and a loyal customer base. This gives it a significant advantage in the streaming market.

Key Takeaways

• Disney's streaming business has finally become profitable.
• This is a significant milestone for the company, which has been investing heavily in its streaming business in recent years.
• The profit from Disney's streaming business is a sign that the company's strategy is starting to pay off.
• Disney's streaming business is expected to continue to grow in the years to come.
• Disney's streaming business is a major threat to other streaming services.

For more information, please visit the following sources:

• The Walt Disney Company Reports Q3 FY2023 Results
• Disney reports first-ever profit from streaming, beats estimates
• Disney streaming business finally turns a profit as Disney+ tops 153 million subscribers