Disney Plus and Hulu reported profits for the first time on Tuesday.
In the accounts report that Disney released yesterday, the company revealed that both streaming services made a profit of 47 million dollars [43 million euros] in the last quarter – a big turnaround from the figures for the same period last year, which showed losses of 587 million dollars.
However, not all of the brand’s segments generated profits. ESPN Plus, for example, lost 65 million.
Given these results, the entertainment company says it expects its streaming business to become profitable in the fourth quarter of this year.
“Our results were driven in large part by our experiences, segments and our streaming business, which reached an important milestone with the entertainment portion of the streaming business,” said Disney CEO Bob Iger, telling The Verge that he expects “streaming to be a growth engine for the company in the future.”
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