Disney's streaming business turns a profit in first financial report since challenge to Iger

The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Street’s view and its streaming business was profitable. Theme parks also continued to be a strength. While Disney said Tuesday that it foresees its streaming business softening in the third quarter due to Disney+Hotstar, it expects its combined streaming businesses to be profitable in the fourth quarter and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025.