BURBANK, Calif.—The Walt Disney Company has finally delivered some from profits from its hefty streaming investments, with the second quarter of its fiscal year ending March 30, 2024 producing $47 million in operating income in its direct-to-consumer segment as Disney+ core subscribers increased by more than 6 million in the second quarter.
While the company expects to report a small loss in its Q3 fiscal year in the DTC segment, it reported that “we continue to expect our combined streaming businesses to be profitable in the fourth quarter, and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025.”
