Disney's direct-to-consumer division, including Disney Plus and Hulu, reached operating income of $47 million in Q2, marking a significant shift from the $587 million loss in the previous year.
Bob Iger's focus on cost management measures helped Disney's streaming entertainment unit turn a profit sooner than expected, emphasizing the company's renewed strategic direction.
Disney's success in profitability was also driven by the growth in Disney Plus 'core' subscribers, which increased by over 6 million globally, reaching 117.6 million, while Hulu subscribers grew 1% to 50.2 million.
Despite the overall positive performance, ESPN Plus, a part of Disney's streaming services, experienced a 2% decline in subscribers, contributing to a partial loss within the company's streaming businesses for the quarter.
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