As part of its newest earnings report, Disney reported first profits from its streaming operations. The company also unveiled widespread price hikes for its streaming services that will see increases for Disney+, Hulu, and ESPN+ taking effect on Oct. 17.
In its earnings report for its Q3 fiscal year ending June 29, 2024 Disney produced small net profit of $47 million for its streaming operations compared to a $512 million loss a year ago in the same quarter. For the first three quarters of the year, streaming operations had $18.642 billion in revenue and a loss of $187 million.
