Bob Iger Entertainment performer stars reports Digital UPS Sporting Bob Iger

Disney Earnings Boosted by ‘Moana 2,’ Disney+ Loses 700,000 Subscribers as Streaming Business Swings to Another Profit

Reading now: 217
variety.com

Todd Spangler NY Digital Editor Animated blockbuster “Moana 2” put wind into Disney‘s sales for the last three months of 2024.

The sequel’s strong showing at the box office, along with another profitable quarter for Disney+ and Hulu, helped the Mouse House beat Wall Street forecasts for revenue and earnings.

Disney’s entertainment streaming business, comprising Disney+ and Hulu, delivered its second straight profitable quarter with operating income of $293 million on revenue of $6.07 billion, up 9%.

The flagship Disney+ service lost a net 700,000 customers worldwide (not as bad as analysts anticipated) while Hulu gained 1.6 million (better than expected) coming after price increases went into effect in October.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA