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Disney’s Entertainment Streaming Business Ekes Out Surprise Profit as Disney+ Core Subscribers Top 117 Million

Disney's entertainment streaming division, anchored by Disney+, scored its first profitable quarter for the first three months of 2024.

Disney ‘s entertainment streaming segment, anchored by Disney+, scored its first profitable quarter, helping to partially offset continued weakness in the media conglomerate’s linear TV business for the first three months of 2024. CEO Bob Iger said in prepared remarks, “Our strong performance in Q2, with adjusted EPS up 30% compared to the prior year, demonstrates we are delivering on our strategic priorities and building for the future. Iger also noted that Disney will begin cracking down on streaming users who are “improperly” sharing passwords starting in some markets in June, followed by a wide rollout in September.

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