Todd Spangler NY Digital Editor Animated blockbuster “Moana 2” put wind into Disney‘s sales for the last three months of 2024.
The sequel’s strong showing at the box office, along with another profitable quarter for Disney+ and Hulu, helped the Mouse House beat Wall Street forecasts for revenue and earnings.
Disney’s entertainment streaming business, comprising Disney+ and Hulu, delivered its second straight profitable quarter with operating income of $293 million on revenue of $6.07 billion, up 9%.
The flagship Disney+ service lost a net 700,000 customers worldwide (not as bad as analysts anticipated) while Hulu gained 1.6 million (better than expected) coming after price increases went into effect in October.
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