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Disney Earnings Boosted by ‘Moana 2,’ Disney+ Loses 700,000 Subscribers as Streaming Business Swings to Another Profit
"Moana 2" and another profitable quarter for Disney+ and Hulu helped Disney beat forecasts for revenue and earnings for the December 2024 quarter.
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. 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. For full-year fiscal year 2025, Disney reiterated that it expects to deliver high-single digit adjusted EPS growth, along with roughly $15 billion in cash provided by operations.
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