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

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The Walt Disney Co. returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside...

The Walt Disney Co. returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters.

Revenue for the Burbank, California, company rose 4% to $23.16 billion, beating Wall Street's estimate of $22.91 billion. The combined streaming businesses, which includes Disney+, Hulu and ESPN+, achieved profitability for the first time thanks a strong three months for ESPN+ and a better-than-expected quarterly performance from the direct-to-consumer unit.to soften in the third quarter due to its platform in India, Disney+Hotstar. The company also said at the time that it anticipated its combined streaming businesses to be profitable in the fourth quarter, so the money-making quarter was a surprise.

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Walt Disney earnings, Fedspeak: What to watchAs the trading day comes to close, here is a preview off several key events on the horizon for next week. The corporate earnings season continues with a...
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