Disney Plus and Hulu saw another leap in profitability over the past few months. In its second fiscal quarter earnings results released on Wednesday, Disney revealed that the services’ combined operating income grew to $336 million, up from $47 million during the same time last year.
With ESPN Plus included, Disney’s streaming business finally became profitable last August, and its operating income has been on an upward trajectory since. Paramount Plus, NBC’s Peacock, and Warner Bros. Discovery’s Max all turned a profit last year as they tried to catch Netflix, which has moved beyond reporting subscriber numbers.
The entertainment giant also reported gaining 1 million Disney Plus subscribers in the US and Canada, making for a total of 57.8 million. The increase in profitability and subscribers comes just months after Disney raised prices across its services and implemented a password sharing crackdown, which charges viewers an extra $6.99 per month
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