(CNBC) Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Disney’s total segment operating income jumped 17% as the company’s entertainment streaming applications — Disney+ and Hulu — turned a profit in the quarter for the first time. When combined with ESPN+, the streaming businesses lost $18 million in the quarter, much narrower than the $659 million loss the division reported a year earlier.
Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
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