I made an additional investment in Disney as its streaming business continues to show strength. Despite Disney+ losing 700,000 subscribers globally, Hulu’s 1.6 million subscriber gain, driven by price hikes, helped the entertainment streaming division post its second consecutive profitable quarter. With $293 million in operating income on $6.07 billion in revenue, reflecting 9% year-over-year growth, Disney’s streaming turnaround is gaining traction. I see this momentum, coupled with its strong content portfolio, as a key driver of long-term value for shareholders.
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