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Disney+, Hulu Combined Profit Hits $712 Million in Q3
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TheWrap
When asked about whether Disney had weighed going back to licensing its content out, D’Amaro was clear in his response.
Josh D’Amaro (Credit: Getty Images)Overall, Disney posted a profit of $2.6 billion, or adjusted earnings of $2.06 per share, and revenue growth of 7% to $25.25 billion.
Weighing on Disney’s growth for the quarter was softness in its Asia theme parks, which is expected to continue in the fourth quarter.
Disney Entertainment a bright spot despite “Mandalorian” and “Moana” underperformanceDisney’s Entertainment division grew revenue 6% to $11.35 billion and profits rose 64% to $1.68 billion.
It has also seen over two billion hours streamed on Disney+ and over $1 billion in annual retail sales.