Disney’s streaming business gets closer to becoming profitable

May 7 2024 by The Verge

 
Illustration by Alex Castro / The Verge

Disney Plus and Hulu posted a profit for the first time today. In Disney’s earnings report released on Tuesday, the company revealed that both streaming services made $47 million combined this past quarter — a huge turnaround from the $587 million loss reported at the same time last year.

But Disney’s streaming business wasn’t entirely profitable. ESPN Plus still lost $65 million, dragging its combined streaming earnings $18 million in...

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