Reported about 6 hours ago
Disney reported a profitable first quarter for its streaming business, notably Disney+ and Hulu, with earnings reaching $293 million despite a decline in subscribers due to recent price increases. However, the parks segment faced challenges from hurricanes, resulting in a 5% decline in operating income. overall, Disney exceeded revenue expectations with $24.70 billion, marking a significant growth trajectory while managing the impacts of recent natural disasters.
Source: YAHOO