After having dealt with the fact that downloads and active users on Netflix and Disney+ dropped in April, let’s return to the world of streaming services. More precisely, it was made known on an official level that Disney’s streaming business is not yet profitablebut there doesn’t seem to be much left to that goal.
As reported, in fact, by The Verge on May 7, 2024, Disney+ and Hulu reported a profit for the first time. It is therefore these two streaming services that drive Disney’s business, which we remember also includes ESPN Plus. From the recently published earnings report, it emerges that overall Disney+ and Hulu earned $47 million in the last quarter.
The change of direction is important, so much so that in the same period last year there was a loss of 587 million dollars. However, Disney’s entire streaming business is still unprofitable as ESPN Plus reported a loss of $65 million. This means the business is still losing $18 million.
However, there is no doubt that the one carried out by Disney represents a major turnaround, which could make the streaming business actually profitable before too long. The company’s expectations are to reach this milestone by the fourth quarter of 2024. How will the year continue? We’ll see.
In the meantime, you might want to check out 5 must-see comedy TV series on Disney+.
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