Walt Disney Reports Profitable Streaming Turnaround Under Bob Iger, Anticipates Success with Moana 2 Premiere

published -

Monday

02 December, 2024

Walt Disney Co. is celebrating a remarkable turnaround in its streaming business, achieving profitability for two consecutive quarters under Bob Iger's leadership. With the upcoming "Moana 2" poised for success, can Disney maintain this momentum in a challenging media landscape?

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Key Takeaways

Disney's streaming services have turned profitable, contributing to a $134 million annual profit after a previous $2.6 billion loss.
The company's stock has increased by 25%, indicating strong fundamentals and positive market sentiment.
A significant content deal with Fox Entertainment enhances Hulu's offerings and audience appeal.
Despite recent gains, Disney faces challenges including leadership changes and fierce competition from Netflix.
Future success relies on the performance of upcoming projects like "Moana 2" and overall market conditions.