Disney Q3 Earnings Show Streaming Profitability and Park Strength

The Walt Disney Company delivered a robust third-quarter performance, with adjusted earnings per share of $1.61 surpassing analyst expectations. Revenue climbed 2% to $23.7 billion, though slightly below projections. The streaming division marked a notable turnaround, posting $346 million in operating income compared to last year's loss.

Disney+ and Hulu subscriptions grew to 183 million, adding 2.6 million subscribers sequentially. The Experiences segment remained the profit engine, generating $2.5 billion in income. ESPN fortified its content pipeline through new NFL and WWE partnerships.

Despite beating earnings estimates, Disney shares dipped 2.3% to $112.52 in midday trading. The results demonstrate progress in streaming profitability while maintaining strength in traditional revenue drivers.