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Asharq Al-Awsat
Asharq Al-Awsat
Entertainment
Asharq Al-Awsat

Disney Profit Slips but Streaming TV Subscribers Jump

A smartphone with displayed "Disney" logo is seen on the keyboard in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

Disney on Wednesday said its profit slipped in the recently ended quarter but its television streaming service and parks were booming.

The entertainment giant reported net income of $470 million, just over half of the $912 million profit it made in the same period a year earlier.

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