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Disney Turns a Profit in Streaming as Entertainment Income Soars

The entertainment giant beat Wall Street expectations, but warned that its parks business will face challenges in coming quarters.

Management also highlighted the initial rollout of the password sharing crackdown, which is expected to drive growth in future quarters, as well as a healthy advertising market for its streaming service. “Our performance in Q3 demonstrates the progress we’ve made against our four strategic priorities across our creative studios, streaming, sports, and Experiences businesses,” said Iger in a statement. An increase in production costs and fewer pay-TV subscribers were among the reasons for the decline in operating income, offset by a better advertising environment and higher fees.

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