Disney+, Hulu Combined Operating Profit Surges to $336 Million

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Disney+, Hulu Combined Operating Profit Surges to $336 Million

Disney easily beat Wall Street expectations during the last quarter, swinging to a profit of $3.28 billion and growing revenue 7% to $23.6 billion.The results for the January-to-March period, its fiscal second quarter, were driven by revenue growth across its entertainment, sports and experiences segments, according to earnings released Wednesday. It also saw 61% jump in entertainment profits and 9% increase in experiences profit, which were offset by a 12% decline in profits in its sports division, largely on a write-off cost.Disney+ and Hulu posted a combined operating profit of $336 million, up 615% from a profit of $47 million ..