Business

Disney reported that its Disney+ and Hulu streaming services had made a combined operating profit of $47m in the three months ending March 30th, a huge improvement on the $587m loss in the same quarter last year. The overall loss from streaming, including ESPN, in the recent quarter narrowed to just $18m. To boost business Disney announced a new streaming bundle in America that will include programming from Warner Bros Discovery. But the lack of profitability at the streaming division remains a source of investor discontent. After the company dampened expectations for growth in the current quarter, its share price tumbled by nearly 10%.