**Streaming Profit:** Disney Turns DTC Segment Profitable, Stock Drops 10% – Here’s Why
Los Angeles, California – Disney announced on Tuesday that its streaming business has finally turned a profit, marking a significant milestone. However, the company also projected weaker results in this segment for the current quarter, causing its stock to drop nearly 10% in early trading. This forecast underscores the challenges Disney faces in maintaining profitability in streaming, especially as its traditional TV business declines. Under the leadership of CEO Bob Iger, Disney has implemented a …