Disney: A $293M Streaming Comeback and the Big ESPN Gamble—Will It Pay Off?

Disney’s latest earnings report underscores a company in transition, leveraging its content dominance to bolster its streaming business while facing industry headwinds. The entertainment giant exceeded Wall Street’s expectations across key financial metrics, with revenue climbing 5% to $24.7 billion and net income surging 34% to $2.6 billion. A major contributor was the company’s streaming division, where Disney+ and Hulu posted a $293 million profit in the December quarter, a stark improvement from the $138 million loss a year prior. CEO Bob Iger emphasized that Disney+ is poised to become the central hub for all things Disney, consolidating its vast media portfolio into a unified streaming experience.