The reduction fell under Adam Smith, product and technology chief, and amounted to under 2% of the group.

Disney Turns a Profit in Streaming as Entertainment Income Soars. The entertainment giant beat Wall Street expectations, but warned that its parks business will face challenges in coming quarters.

Disney’s streaming business turned a profit for the first time, with Disney Plus, Hulu, and ESPN Plus earning $47 million in the third quarter of 2024. Disney Plus didn’t add many subscribers ...

Shares of Disney jumped over 9% on Thursday after its streaming business, considered the key to its future success, ended 2024 strong, with a combined profit of $321 million for its fiscal fourth ...

Disney beat its own timeframe to reach streaming profits in an upbeat June quarter that also saw a big contribution from Inside Out 2. For well over a year, the company’s promised a streaming ...

Disney posted its first-ever streaming profit and benefited from a strong movie lineup, offsetting weaker-than-expected theme ...

Disney’s earnings got a boost from the strong holiday box office performance of animated sequel “Moana 2” and higher profits at the company’s streaming business. ©Walt Disney Co./Courtesy ...

Achieving consistent profits in streaming is critical for Disney and other media giants as more consumers shift to DTC services from traditional pay-TV packages. The company has a streaming profit ...

The Walt Disney Co. is laying off several hundred employees worldwide as the entertainment giant looks to trim some costs and adapt to evolving industry conditions. A Disney spokesperson confirmed ...

Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming ...

Tiny FuboTV taking on the much larger Hulu service does sound exciting. But for most investors, it probably makes more sense to wait and see how the new FuboTV performs following the transaction ...

Disney turns streaming profit at Disney+ and Hulu but theme park profits fall in tough travel environment. The entertainment giant beat Wall Street expectations, but warned ...