In Disney's earnings report released on Tuesday, the company revealed that both streaming services made $47 million combined this past quarter - a huge turnaround from the $587 million loss reported at the same time last year.
Disney expects its streaming business to become profitable in the fourth quarter of this year, driven by significant growth and integration of services like ESPN Plus into the Disney Plus app.
The company's growth in its ad-supported tier, aided by partnerships like Charter, has been a key factor in the turnaround of its streaming business, contributing to the recent profitability.
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